India: Pine Labs raises $600m funding round from Fidelity, BlackRock, others

India: Pine Labs raises $600m funding round from Fidelity, BlackRock, others

Visual from Pine Labs website

Pine Labs, a merchant commerce platform, Tuesday announced that it has closed a $600-million funding round from new investors including Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line and a fund advised by Neuberger Berman Investment Advisers.

Investors participating in the round included IIFL AMC, which invested via its late-stage tech fund, and Kotak, the company said in a statement.

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