inc42

Pine Labs’ FY23 Operating Revenue Grows 37% To INR 1,280 Cr, Net Loss Doubles

Pine Labs saw its net loss double to INR 56.2 Cr in FY23 from INR 22.6 Cr in FY22, primarily due to a big difference in the deferred tax expense The fintech unicorn’s revenue from India grew 37% to ...
inc42

Pine Labs’ Operating Revenue Crosses INR 1,000 Mark In FY22, Loss At INR 259 Cr

Amrish Rau-led Pine Labs’ revenue from operations jumped 1.4X to INR 1,017 Cr Total expenses jumped 31% to INR 1,276 Cr from INR 974 Cr in FY21 The unicorn’s net loss rose 4.5% to INR 259.1 Cr from ...