Fintech firm Pine Labs considers $1bn IPO in India, aiming for a $6bn valuation, largest since Paytm's 2021 $2.5bn raise.

Fintech firm Pine Labs, backed by Peak XV Partners and Mastercard, is reportedly considering a $1bn IPO in India, aiming for a valuation of over $6bn. If successful, this would be the largest IPO by an Indian fintech company since Paytm's $2.5bn raise in 2021. Pine Labs, which operates in India, the Middle East, and Southeast Asia, serves over 500,000 merchants and provides payment and financial solutions.