It is estimated that the firm is currently worth $3 billion. Pine Labs, one of Asia’s leading merchant commerce platforms, has closed a $600 million fundraising round, with the entry of new investors Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, a fund advised by Neuberger Berman Investment Advisers LLC. IIFL
Bhavish Aggarwal, founder of Ola, said that he looks forward to collaborating with the new partners in its “next phase of growth.”. However, no timeline has been provided for its proposed Initial Public Offering (IPO)
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