Pine Labs rakes in money, but profitability a concern
ET Intelligence Group: Pine Labs, a digital payment services provider to merchants, plans to raise upto ₹2,080 crore through fresh equity to strengthen cloud infrastructure and repay debt and upto ₹1,819 crore through an offer for sale (OFS). The OFS will be carried out by 10 existing investors including Peak XV, Paypal, and MasterCard Asia….