India · Funded startup

Who invested in Pine Labs

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Valuation: $5.0B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$207Mraised across 2 rounds since 2018, from 2 sources

$82MRound$125MRound
Latest round
Round, $125MMay 2018
Step-upi
1.5×
Investors
3
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019
$82MRound$125MRound
First round
Round, $82M
Mar 2018
Biggest round
$125M
Round · May 2018
Between rounds
3 months
from the last two

The rounds

  1. May 2018
    Round$125M2 new

    Reported by VCCircle

  2. Mar 2018
    Round$82M1 new
    • Actis Capital/ Altimeter

    Reported by VCCircle

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Round2018Round2018Temasek HoldingsPayPal VenturesActis Capital/ Altimeter

Everyone who backed them

Temasek HoldingsVC firm1round
PayPal VenturesCorporate VC1round
Actis Capital/ Altimeterno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 4 firms list Pine Labs as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Alpha Wave GlobalPrivate equityPer its own site
VestedVCVC firmPer its own site
Formulate VenturesVC firmPer its own site
Kenro CapitalGrowth equityPer its own site

Quick answers about Pine Labs

Who invested in Pine Labs?

Pine Labs's investors include Temasek Holdings, PayPal Ventures and Actis Capital/ Altimeter.

How much has Pine Labs raised?

Pine Labs has raised $207M across 2 rounds since 2018.

When did Pine Labs last raise?

Pine Labs's most recent round was an Undisclosed round of $125M in May 2018.

What was Pine Labs's biggest round?

Its most recent round, $125M in May 2018, is also its largest on record.

Who backed Pine Labs first?

Pine Labs's first round on record, in Mar 2018, was backed by Actis Capital/ Altimeter.

What stage is Pine Labs at?

Pine Labs's latest named round is an Undisclosed round, in May 2018.

Where is Pine Labs based?

Pine Labs is based in India.

Companies like Pine Labs

In the same sector, and raised in the last eighteen months.

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