Fintech firm Pine Labs is targeting India IPO in second half of 2025, CEO says [Yahoo! Finance]

Mastercard Incorporated (MA)
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Source: Yahoo! Finance
offering in the second half of 2025 and is undeterred by the current weak market conditions, chief executive Amrish Rau said. Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions including point-of-sale machines to merchants for card payments and competes with Paytm and Walmart's PhonePe. India's stock markets have been performing poorly with losses of over $1 trillion in market capitalisation due to negative investor sentiment. But Pine Labs is unfazed, and CEO Rau said: "we would want to go for an IPO in the second half of this year." "I really shouldn't be swayed by market conditions and should be more focused on building a company which is here to last for long," he told Reuters in an interview on
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