IPO-bound Indian digital payments firm Pine Labs raises $100m from Invesco

Visual from Pine Labs website

Digital payments major, Pine Labs, which is eyeing a public listing in the US, has raised an additional $100 million as part of its new pre-IPO fundraise from US-based investment management company, Invesco Developing Markets Fund.

The current fundraise comes just two months after the company had closed its $600 million fundraise, at a valuation of $3 billion, from a slew of public market investors including Fidelity Management and Research Co., BlackRock; Ishana; Tree Line, a fund advised by Neuberger Berman Investment Advisers LLC, along with IIFL Asset Management Ltd.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter