Out to list, Pine Labs is a hardware business pretending to be a fintech
Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.
July 10, 2025•14 min
0
July 10, 2025•14 min
0

More in Internet
Internet
Eyewear maker Lenskart to hit D-Street on 31 October
The company will raise Rs 2,150 crore through a fresh issue while institutional investors and promoters will be offloading 127.5 million equity shares via an offer for sale.
You may also like
Business
Can Meesho’s value-commerce playbook pass the IPO test?
The ecommerce platform will be hard-pressed to justify its estimated $7-8 billion valuation—up nearly 2x from just 10 months ago—at a time of ho-hum growth and flagging profitability.
Internet
A guide to understanding Dubizzle’s high-profile public listing
The popular classifieds company has just announced a public offering in Dubai and filed its prospectus. We take a look at its trajectory and timing.
Business
WeWork India: the IPO that could have been so much more
The co-working giant’s initial public offering is a missed opportunity that prioritizes promoter interests at the expense of incoming shareholders. Given this, the tepid investor interest is no surprise.







