India-based smart POS device maker Pine Labs raised a $125m venture financing from Singapore's Tamasek and PayPal. Pine Labs has raised more $208m to date.
“We’re teaming up with Temasekand PayPal at a time when the Indian payments market is at an inflexion point. We are a leader in the offline payments space, a position that is critical in enabling the ecosystem of online payment products. The investments will help us move a step closer to our vision for building a world-class merchant-centric payments ecosystem,” Pine Labs founder Lokvir Kapoor added via a statement.