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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
Pine Labs is enjoying its current run of positive sentiment around its latest results. The payment company, after all, recorded its first full year of profitability in FY26. What got missed in the prevailing narrative, though, is that the firm’s performance has been rather odd from a quarterly perspective.
In Q4, revenue fell 6% sequentially to Rs 700 crore, or $73.08 million. Both its business segments—its core vertical (which it calls digital infrastructure and transaction business), and a platform for issuing gift and loyalty cards—declined.
The company attributed this to two things. One, “The heightened geopolitical situation in the Middle …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
