IPO-bound fintech unicorn Pine Labs has raised $150 million from Alpha Wave Venture.
Fintech unicorn Pine Labs to train and recruit Olympics, Asian Games athletes every year
ET reported that this would take the valuation of the startup to over $5 billion.
In 2021, the company raised a total of $600 million in two tranches. This round includes marquee investors such as Fidelity Management and Research Company, BlackRock Inc, a fund advised by Neuberger Berman Investment Advisers LLC, Ishana, Tree Line, IIFL AMC via its ‘Late-Stage Tech Fund’, and Kotak.
In January 2022, it raised 20 million from the State Bank of India. It also said it would be listed in the US to raise about $500 million.