Pine Labs’ $285 Million Fundraising

Pine Labs' $285 Million Fundraising

Phoenix Legal advised Pine Labs on the deal.

As reported in Legally India and in others online publications Pine Labs, the digital payments and commerce solutions provider to merchants, raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors – Temasek, Lone Pine Capital and Sunley House Capital have also participated in this funding round.

The Phoenix Legal team was led by partners Saket Shukla (Picture) and Sriram Ramachandran, associates Maryam Naaz Quadri and Ishani Chopra.

Involved fees earner: Ishani Chopra – Phoenix Legal; Maryam Naaz Quadri – Phoenix Legal; Sriram Ramachandran – Phoenix Legal; Saket Shukla – Phoenix Legal;

Law Firms: Phoenix Legal;

Clients: Pine Labs ;

Author: Sonia Carcano