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Tag: Pine Labs

  • Pine Labs appoints Sameer Kamath as CFO ahead of IPO; Shalini Saxena returns as General Counsel

    Pine Labs appoints Sameer Kamath as CFO ahead of IPO; Shalini Saxena returns as General Counsel

    Mumbai: IPO-bound Pine Labs has announced two key leadership appointments ahead of its planned public offering: Sameer Kamath is set to join as chief financial officer, while Shalini Saxena returns
    as general counsel. The announcement follows closely on the heels of the company’s draft red herring prospectus (DRHP) filing with the Securities and Exchange Board of India (SEBI) on 27 June.

    Kamath, currently group CFO at Avendus Capital, brings over two decades of financial leadership experience. He previously served as CFO at Motilal Oswal. He replaces Marc Mathenz, who stepped down in June shortly before the DRHP was filed.

    Saxena re-joins Pine Labs after her tenure as legal head at CoinDCX. She had earlier served as general counsel at Pine Labs from 2019 to 2022. Her return signals renewed legal leadership focus as the company navigates regulatory and compliance processes tied to its public listing.

    Pine Labs’ senior leadership team now includes:

    Amrish Rau, chief executive officer

    Kush Mehra, chief business officer

    Sumit Chopra, chief operating officer

    Navin Chandani, chief business officer – issuing business

    The Gurugram-based fintech firm is looking to raise Rs 2,600 crore via a combination of fresh equity issue and an offer-for-sale (OFS) of up to 147.8 million shares. Pine Labs is reportedly seeking a valuation in the range of $4.5–5 billion. Key shareholders include Peak XV Partners, Mastercard, PayPal, and Actis.

    The appointments place Pine Labs alongside a growing cohort of Indian startups accelerating towards public markets-a signal of rising maturity within the country’s fintech and technology sectors.

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  • Onsitego partners with Pine Labs

    Onsitego partners with Pine Labs

    Mumbai: Onsitego, a device care company, has announced a strategic partnership with Pine Labs, a leading platform for EMI payments. Under this partnership, the companies aim to provide easy EMI options to consumers while purchasing Onsitego’s extended warranty and damage protection plans for their new devices. Over the past few years there has been significant increase in EMI based purchase. While affordability solutions were always available for devices, there were very few options of clubbing protection plans with devices. The partnership will allow two companies to offer the customers a unique value proposition of getting both their devices and protection plans covered under a single EMI option.

    Onsitego chief revenue officer Gaurav Agarwal said, “As payment preferences evolve, we recognize the importance of offering flexible and convenient options for our customers. Our collaboration with Pine Labs will enable us to expand the device protection market and extend the benefit of our hassle-free service to a much wider audience.”

    Pine Labs chief growth officer – affordability business Mayur Mulani remarked, “We are delighted to partner Onsitego and help them in their quest to provide worry-free device protection to their customers by integrating easy pay later payment options at the point of sale. Pine Labs’ robust tech stack and an ever-growing network of bank and NBFC partners is tailored to provide seamless instalment payment options for Onsitego’s customers.”

    Onsitego and Pine Labs will be working together to expand the reach of this offering across all offline retailers – both modern trade and general trade.

  • Phanimohan Kalagara named new CTO at Pine Labs

    Phanimohan Kalagara named new CTO at Pine Labs

    Mumbai: Merchant commerce platform Pine Labs on Wednesday announced the appointment of Phanimohan Kalagara as its new CTO.

    Kalagara is an MS in computer science from Utah State University and has over two decades of experience working with companies in the United States and India. He has extensive experience in the field of technology having worked in e-commerce, financial technology, and the CAD/CAM industries. He also brings expertise in emerging technologies like virtual reality.

    “We have made several new appointments in the past one year to bolster our technology capabilities. I am delighted to welcome Phanimohan as the new CTO,” stated Pine Labs CEO B Amrish Rau. “Phani comes with a wealth of experience in product and engineering and is the right man to lead our technology team during this exciting phase of growth for the company. I would also like to acknowledge the role of his predecessor Sanjeev Kumar who will now move into a new role within the company and head the R&D vertical.”

    Prior to joining Pine Labs, Kalagara was with e-commerce company Flipkart where he was the SVP of product and engineering. He has also spent 12 years with global fintech company PayPal where he was leading product and engineering and spent nearly eight years in the United States working on several key assignments for the company.

    “It is not often that we get an opportunity to play a key role in a company that gets to shift the industry landscape. I have been blessed a couple of times earlier in my career to make a meaningful difference in such companies,” said Kalagara. “With Pine Labs, I see a massive opportunity to make a substantial difference to the future of merchant commerce in Asia. Looking forward to being part of this team that is set to shift the fintech landscape in Asia.”

  • Pine Labs appoints Gayatri Rath as CMO & communications officer

    Pine Labs appoints Gayatri Rath as CMO & communications officer

    NEW DELHI: Pine Labs has appointed Gayatri Rath as chief marketing & communications officer. Rath will lead the brand, marketing and communications function as the company accelerates its growth in merchant commerce across India, Southeast Asia and the Middle East.

    Pine Labs CEO B Amrish Rau said, “At Pine Labs, we continue to invest in industry-leading talent and build leadership depth. Gayatri’s years of experience in building local and global brands will be valuable as we take Pine Labs to more merchants and many other new audiences in Asia.”

    Rath said, “I am excited to join Pine Labs at this time when they are gearing up for the next phase of growth. There will be challenges and opportunities in branding, marketing, and communications as the organisation expands its reach and relevance. I am really looking forward to an enriching and learning experience.”

    Rath has 25 years of experience. Prior to joining Pine Labs, she led storytelling, branding and communications in India and Asia for several brands including Microsoft, GE Capital and Oracle. 

  • Qwikcilver launches ‘The Gifting Carnival’ for festive season

    Qwikcilver launches ‘The Gifting Carnival’ for festive season

    BENGALURU: Following participation from over 200 brands in 20 categories, Qwikcilver, a Pine Labs company, and a global leader in end-to-end gifting and stored value solutions today announced the launch of the second edition of ‘The Gifting Carnival’. Kickstarting in two phases, the first phase has already commenced from 1 August and will last till 8 August for Raksha Bandhan and the second phase will see Independence Day/week sales starting from 9th – 30th August.

    Pine Labs president – gift, prepaid and stored value Kumar Sudarsan said “Covid2019 pandemic this year has channelled a new socio-economic environment which in turn is accelerating the growth of digital gifting The gift card acts as a powerful tool for retailers with strong omni-channel presence to sustain their loyal customer base during these testing times. Besides, shift in consumer behaviour and increase in acceptance of digital gifting will add a new dimension to the festival season in the country this year when many are opting out of traveling yet want to make their loved ones feel special.”

    The Gifting Carnival showcases  the best of brands across categories for the consumers to gift to their siblings during Raksha Bandhan;  with a  unique platform to engage with consumers about their e-gift cards, and exclusive offers through their website, e-commerce stores, social media and  on www.woohoo.in/tgc-rakshabandhan.

    The Gifting Carnival has multiple phases, covering key festivals & gifting occasions with Raksha Bandhan, Dussehra & Diwali. For more details, please click here – www.qwikcilver.com/the-gifting-carnival