Temasek-backed Indian unicorn Pine Labs makes first close of $285m funding round

Temasek-backed Indian unicorn Pine Labs makes first close of $285m funding round

Visual from Pine Labs website

Pine Labs, an Indian merchant commerce platform unicorn, announced that it has completed the first close of its $285 million new funding round backed by existing investor Temasek.

The new round of financing was participated by a host of investors, including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures, Ward Ferry Management, and existing investors Lone Capital and Sunley House Capital.

Bring stories like this into your inbox every day.

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