PineLabs Bangalore review ?
Hey folks,Anyone who has insights into PineLabs,their work culture,salary insights ( AVP ) and most importantly how their business is faring ?
CosmicTaco
Pine Labs' Revenue Flat, Losses Triple in FY24
- Pine Labs India reported a modest 2.8% increase in operating revenue to Rs 1,317 crore in FY24, but losses tripled.
- Transaction processing and settlement accounted for 61% of total operating revenue.
- Expenses rose by 15.8% to Rs 1,624 crore, with employee benefits being the largest expense.
- The company's losses increased to Rs 187 crore in FY24 from Rs 56 crore in FY23.
- Pine Labs has received approval to relocate its domicile to India and is likely to debut on an Indian stock exchange in FY26.
Source: Entrackr
5mo ago
TwirlyBurrito
Razorpay5mo
company is going down the drain with PIP tactics and poor customer support. The only way they are expanding is by burning cash
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