Mastercard’s swipe makes Pine Labs 1st unicorn in 2020

While transaction details were not disclosed, the new round is pegged at $100-150 million (Rs 713-1,069 crore). This will make the Sequoia-backed Pine Labs the first Indian unicorn in 2020 with a valuation of $1.5-1.6 billion, said one of the sources briefed on the deal. ​

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