Payment solutions provider Pine Labs Pvt. Ltd said Monday it has raised funding from US-based investment Lone Pine Capital in a new round that takes its valuation to more than $2 billion (Rs 14,740 crore).
Pine Labs however has not disclosed to media the amount it raised from Lone Pine Capital.
The round comes almost a year after Pine Labs raised capital from Mastercard Inc in January that propelled the company into the unicorn club of technology startups that have a valuation of at least $1 billion.
