Fintech firm Pine Labs is targeting India IPO in second half of 2025, CEO says

Indian fintech firm Pine Labs is planning to launch a domestic initial public offering (IPO) in the second half of 2025, remaining undeterred by the current weak market conditions, according to Chief Executive Amrish Rau.

Pine Labs, which is primarily backed by the venture capital firm Peak XV, offers a comprehensive range of payment solutions, including point-of-sale machines for card payments, and competes with companies like Paytm and Walmart's PhonePe.

Despite the poor performance of India's stock markets, which have seen losses exceeding $1 trillion in market capitalization due to negative investor sentiment, Pine Labs is moving forward with its IPO plans.​