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Pine Labs raises undisclosed funding from Lone Pine Capital

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.

 

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