Pine Labs, a fintech firm based in India, is planning to launch its initial public offering (IPO) in the second half of 2025, despite ongoing market volatility. The company, backed by Peak XV, provides full-stack payment solutions, including point-of-sale machines, and competes with Paytm and PhonePe. CEO Amrish Rau stated that market conditions would not impact their long-term vision, and the IPO is expected to be valued at around $1 billion.
Pine Labs, a leading fintech company based in India, has announced plans to launch its initial public offering (IPO) in the second half of 2025. The firm, backed by venture capital company Peak XV, provides full-stack payment solutions, including point-of-sale (POS) machines for merchants, and competes with major players such as Paytm and Walmart-owned PhonePe.
Despite India’s stock markets experiencing significant losses, CEO Amrish Rau emphasized that Pine Labs remains committed to going public. “We would want to go for an IPO in the second half of this year,” Rau stated, adding that market fluctuations would not affect the company’s long-term goals. He stressed that their focus is on building a sustainable business rather than being influenced by short-term market conditions.
Pine Labs’ IPO is expected to raise approximately $1 billion, involving both fresh capital infusion and partial stake sales by existing investors. If successful, it will become one of the largest fintech IPOs in India, showcasing the sector’s resilience despite economic uncertainty.
With this move, Pine Labs aims to expand its market presence and strengthen its position in India’s competitive digital payments ecosystem. The company has yet to finalize details regarding the issue size and valuation, but the listing is expected to generate significant interest from investors looking for opportunities in India’s rapidly evolving fintech landscape.
