Tagged: amrish rau

April 17, 2022 @ 11:57 pm By Omar Faridi  |  

Merchant commerce platform, Pine Labs recently announced that it has made a “significant” majority investment into Mosambee, an end-to-end payment solution provider in India. This investment by Pine Labs will now “value Mosambee at upwards of USD 100m.” Amrish Rau, CEO at Pine Labs, said:… Read More

April 14, 2021 @ 10:47 pm By Omar Faridi  |  

Payments solution provider Fave has reportedly been acquired by Pine Labs, an Asian commerce platform. The acquistion deal is deal valued at more than RM 185 million (appr. $45 million). With this strategic acquisition, Indian consumers may now use the Fave app at some point… Read More

December 22, 2020 @ 11:40 pm By Omar Faridi  |  

Digital payments firm Pine Labs has reportedly secured $75-100 million through an investment round that was led by US-headquartered hedge fund Lone Pine Capital, which is known for financing established US businesses like Uber. Pine Labs is now valued at approimately $2 billion — a… Read More

November 19, 2020 @ 11:03 pm By Omar Faridi  |  

India-based banking group ICICI Bank has launched an all-digital mode of payment at major retail stores. Referred to as the “ICICI Bank Cardless EMI” (Equated Monthly Instalments), the facility allows thousands of the bank’s pre-approved customers to purchase their favorite gadgets or home appliances simply… Read More

September 15, 2016 @ 5:04 am By Erin Hobey  |  

The Gurgaon, India-based online payment service provider PayU has acquired its rival online payment gateway Citrus Pay. The deal was closed at $130M, making it by far the largest M&A cash deal in Indian fintech.Post completion, CitrusPay will be wholly owned by Naspers. Amrish Rau, an Citrus Pay MD, will become PayU India’s… Read More