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Decoding IPO-Bound Pine Labs’ Revenue Model
- Fintech major Pine Labs turned profitable in 9M FY25.
- Operating revenue surged 23%, totaling INR 1,208.2 Cr in 9M FY25.
- Pine Labs processed payments worth INR 7.5 Lakh Cr in 9M FY25.
- Company filed IPO with fresh issue of up to INR 2,600 Cr.
- Pine Labs' revenue model features digital infra and issuing/acquiring platform.
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