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<ul><li><keyword id="3827754" type="General" weightage="20" keywordseo="pinelabs" source="Orion">PineLabs</keyword> on Wednesday announced an investment in <keyword id="3465176" type="General" weightage="20" keywordseo="mosambee" source="Orion">Mosambee</keyword>.</li><li>This investment will now value Mosambee at upwards of $100 million.</li><li>Mosambee has a base of 1 million SME merchants and various government departments.</li></ul>Initial public offering (IPO)-bound fintech startup PineLabs on Wednesday announced an investment in Mosambee — an end-to-end payment solution provider in India — in exchange for a majority stake.<br /><br />This investment will now value Mosambee at upwards of $100 million, PineLabs has revealed. The leadership team at Mosambee will continue to operate independently and serve the needs of their customers spread across diverse industries.<br /><br />Founded in 2008 by Alok Arora, Bhushan Thaker and Sameer Chugh, Mosambee is a payment solution company that caters to both online and offline merchants in India and six other countries. <br /><br />The company claims to have a base of 1 million small, medium enterprises (SME) merchants and various government departments, who use Mosambee’s solutions to digitise their payment collections. “With the extensive reach of Pine Labs and their portfolio companies, we aim to continue to deliver strong profitability and breakthrough solutions to our clients,” Mosambee’s cofounder Chugh said.<br /><br />According to business intelligence platform Crunchbase, Mosambee has raised over $2.5 million prior to this. It is backed by Small Industries Development Bank of India (SIDBI) Venture Capital and Rajasthan Venture Capital Fund. Earlier this year, Mosambee announced the acquisition of Cashless Technologies that runs Benow, a ‘Buy Now, Pay Later’ startup.<br /><br />“Ever since its founding, Mosambee has made tremendous progress in elevating the merchant experience through cutting-edge fintech solutions. They were a natural fit for us due to our shared purpose of making innovative fintech products accessible to all and driving forward the digital payment revolution in India,” Amrish Rau, the chief executive officer (CEO) of PineLabs, said in a statement.<br /><br />Founded in 1998 by Lokvir Kapoor, Pine Labs is a merchant payment solutions firm that enables businesses to accept online and offline digital retail transactions. The company powers over 250,000 merchants across over 675,000 merchant network touchpoints in India and Southeast Asia.<br /><br />Pine Labs serves prominent large, mid-sized and small merchants across Asia and the Middle East, including Apple, Starbucks Corp, McDonald's Corp and more. It is planning on hitting the public market soon, and filed for a initial public offering (IPO) in the US in January this year. The company is reportedly planning to raise half a billion dollars from the public market, at a valuation of $6-7 billion.<br /><br /><strong>SEE ALSO</strong><br /><a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/infosys-icici-bank-vedanta-among-stocks-to-watch-out-for-on-april-13/slidelist/90811799.cms">Infosys, ICICI Bank, Vedanta among stocks to watch out for on April 13</a><br /><a href="https://www.businessinsider.in/business/telecom/news/recommended-spectrum-prices-are-backed-by-scientific-calculations-says-trai-chief-vaghela/articleshow/90812587.cms">Recommended spectrum prices are backed by scientific calculations, says Trai chief Vaghela</a><br /><a href="https://www.businessinsider.in/india/news/retail-inflation-rose-to-6-95-in-march-government-data/articleshow/90802182.cms">Retail inflation rises to 6.95% in March on costlier food items</a><br />

IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition

<ul><li><keyword id="2645087" type="General" weightage="20" keywordseo="rategain" source="Orion">RateGain</keyword> intends to raise over ₹400 crore through its fresh issue, which will be used for investments and acquisitions.</li><li>Rate Gain has over 1,434 customers, spread across 110 countries.</li><li>The company counts Lemon Tree, OYO and several other hotels and OTAs as its clients.</li><li>It will continue to focus on the US market after its public listing as well.</li></ul>Software-as-a-service startup (SaaS) RateGain Travel Technologies — which has less than 1% business coming from India — had decided, earlier this year, that it will get listed in its home country.<br /><br />This is rather odd as several tech entrepreneurs dream of getting their startups listed in American stock exchange Nasdaq. It’s not just a matter of pride, but also a strategic move.<br /><br />There are majorly two reasons for Indian tech startups to explore a Nasdaq listing — retail investors have better understanding of tech business in the US and/or majority of their revenue is coming from that market. Besides this, international listing gives Indian companies a larger and more diverse pool of capital.<br /><br />Whether it's the already listed Freshworks or soon-to-be-listed Icertis, <a href="https://economictimes.indiatimes.com/tech/startups/inmobi-prepares-for-nasdaq-listing-to-seek-15-billion-valuation/articleshow/81789159.cms">InMobi </a>or <a href="https://www.businessinsider.in/business/startups/news/pine-labs-reportedly-joins-the-long-list-of-indian-tech-startups-heading/articleshow/81760763.cms">PineLabs</a> — one of these three factors are the driving force of listing abroad.<br /><br />So it is quite amusing why RateGain would choose to get itself listed in India and that too in 2021 — potentially the worst time for any travel tech business due to the ongoing pandemic. <br /><br />Bhanu Chopra, the chairperson and managing director of RateGain told Business Insider that there were three reasons why the company decided not to go for a Nasdaq listing. <br /><br />First, the ability to drive up brand value being a local company is much higher. Second, they wanted to be the torchbearer of the first product SaaS company to list in India. <br /><br />Third, there were several logistical issues that couldn’t have been solved without making some organisational changes and it was quite cumbersome.<br /><br />Therefore, the company decided to stick to its home market and be the first SaaS company to list in India. <br /><br />Rate Gain has over 1,434 customers — across the hotel, hospitality and online travel agency (OTA) segment — spread across 110 countries. In order to serve the customers in these locations, RateGain has set up its subsidiaries in the United Kingdom, United States and Spain.<br /><br />It has also acquired three companies to date — US-based DHISCO and BCV, and<a href="https://www.businessinsider.in/business/news/ipo-bound-rategain-acquires-germany-based-myhotelshop/articleshow/86454447.cms"> Germany-based myhotelshop</a>.<br /><br />About 65% of RateGain’s revenue comes from the US market, while nearly 2% comes from India. The company will continue to focus on the US market even after the public listing as the majority of its customer base is settled or registered there.<br /><br />                  <div type="image" title="Despite majority of its revenue coming from the US, this is what compelled RateGain to be the first SaaS company to list in India" msid="87269616" hostid="261"></div><br />The company — founded in 2004 and bootstrapped till 2017— intends to raise ₹400 crore through its fresh issue. Besides, the company will also sell 2.26 crore as offer for sale (OfS). This capital will be used to make strategic investments, acquisition and fund inorganic growth initiatives. Its last reported valuation was $133 million in 2015. <br /><br /><strong>But why now?<br /></strong><div type="image" title="Despite majority of its revenue coming from the US, this is what compelled RateGain to be the first SaaS company to head for an IPO in India" msid="87286549" hostid="261"></div><br />It’s no secret that the travel and hospitality segment was severely hit since March 2020, when the world stepped into pandemic-induced lockdowns. As the entire segment was suffering, RateGain was bound to suffer too as they comprised its clients. <br /><br />The company decided to take a pause and arm itself with better products to meet the pent-up demand that may come back soon as people indulge in revenge travel and COVID-related restrictions are lifted. The company counts Lemon Tree, OYO and several other hotels and online travel aggregators (OTAs) as its clients.<br /><br />Besides this, the company believes that Indian investors are now ready to invest in tech businesses. <br /><br />Chopra believes that the investors' interest in Indian startups have increased in both private as well as public markets. This can be seen in terms of the number of unicorns -- private firms valued at or more than $1 billion -- that are being created as well as the number of companies hitting the public market. <br /><br />“My sense is that the Indian investor is now ready and they understand the future of any industry is digitisation. Now, RateGain is leading that effort in digitisation of the travel and hospitality industry” Chopra added. <br /><br />The pent-up demand of the travel industry and the positive global outlook is driving 26% compound annual growth rate (CAGR) growth. “Retail investors understand that the travel industry is recovering very fast and it is going to be the fastest growing industry in the next four-five years,” he added.<br /><br />Chopra believes that the ecosystem has developed enough for retail investors to understand the upcoming trends. <br /><br />In a <a href="https://www.businessinsider.in/business/startups/news/droom-founder-explains-why-he-is-considering-a-us-ipo-and-where-he-intends-to-spend-the-money/articleshow/84917608.cms">previous interaction</a> with Business Insider, Droom’s founder and CEO Sandeep Aggarwal highlighted that Indian investors now have a stock appetite to invest in tech businesses. Earlier, he was of that view that Indian new age businesses are not rewarded in the Indian stock exchange.<br /><strong><br />WATCH ALSO: </strong>                                    <div type="Video" msid="84897976" hostid="261" title="India's latest unicorn is prepping for an IPO now" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=84897976"></div><br /><strong>SEE ALSO</strong><br /><a href="https://www.businessinsider.in/stock-market/news/bharti-airtel-tech-mahindra-bajaj-finance-and-other-top-stocks-to-watch-out-for-on-october-26/slidelist/87268702.cms" data-type="tilCustomLink">Bharti Airtel, Tech Mahindra, Bajaj Finance and other top stocks to watch out for on October 26</a><br /><br /><a href="https://www.businessinsider.in/international/news/elon-musks-wealth-surged-by-36-billion-the-largest-single-day-gain-bloombergs-ever-recorded/articleshow/87267131.cms" data-type="tilCustomLink">Elon Musk's wealth surged by $36 billion, the largest single-day gain Bloomberg's ever recorded</a><br /><br /><a href="https://www.businessinsider.in/finance/news/opinion-the-next-four-letter-word-taking-the-world-of-finance-by-storm/articleshow/87260681.cms" data-type="tilCustomLink">OPINION: The next four-letter word taking the world of finance by storm</a><br />

Despite majority of its revenue coming from the US, this is what compelled RateGain to be the first SaaS company to head for an IPO in India

<ul><li>Flexiloan.com has raised a whopping $90 million in a mix of debt and equity.</li><li>The company plans to use this capital to process loans worth ₹2,000 crore</li><li>It also claims to have access to over 10 million SMEs through its 50+ partners like Amazon, Flipkart, MSwipe, PineLabs, and others.<br /></li></ul>Digital lender Flexiloan.com on Tuesday announced that it has raised a whopping $90 million in a mix of debt and equity to process loans worth ₹1,500 crore- ₹2,000 crore ($190-$260 million) in the next 12 months. <br /><br />The Series B round was raised from marquee investors like Denmark-based private equity firm MAJ Invest, UK-based intact investor Fasanara Capital, the family offices of Dr Harry Banga and Yogesh Mahansaria. The company has been in talks for this round since last August and started signing term sheets in January, Deepak Jain, co-founder of Flexiloan.com, told Business Insider.<br /><br />Former chief executive officer (CEO) of Citigroup Sanjay Nayar — husband of Nykaa’s founder Falguni Nayar — also participated in the round, which included a debt infusion of ₹210 crore ($28 million). <br /><br />The company has raised ₹350 crore to date, which has been used for lending and investment in technology.<br /><br />The six-year-old startup plans to use this capital to scale its micro small and medium enterprises (SME) lending. It also plans to create a technological edge for its ‘Buy Now Pay Later’ (BNPL), supply chain and co-lending services. For this, the company plans to hire for the product and tech teams.<br /><br /><cmsannotation type="cmsannotation" annotationid="Achieving six year’s growth in the next 12 months" comment="subhead" text="Achieving six year’s growth in the next 12 months"><span data-til="noop">Achieving six year’s growth in the next 12 months</span></cmsannotation> <br /><br />Founded in 2016 by Deepak Jain, Ritesh Jain Manish Lunia and Abhishek Kothari, Flexiloan.com has disbursed over ₹1,700 crore ($200 million) to micro, small and medium enterprises (MSMEs) across 1,600 cities in India without any offline centers. The company now plans to issue loans upto ₹2,000 crore ($260 millions) —a little more than the loans it has disbursed since its inception — in the next 12 months.<br /><br />Deepak Jain noted that the company was disbursing loans worth ₹25 crore a month during pre-Covid days. The company managed to scale more than four-fold to disburse over ₹100 crore ($14 million) on a monthly basis, leading to an annual run rate of ₹1,200 crore ($160 million).<br /><br />“The $100 million will go to $150 by September and $200 million by March next year. If we are able to go at this pace, we should be able to disburse at least ₹1,500-₹2,000 crore this year. The run rates are improving over a period of time,” Jain explained. The Mumbai-based company now plans to double this run rate over the next year, with its co-lending platform contributing a significant share of growth. <br /><br />It also claims to have access to over 10 million SME through its 50+ partners like Amazon, Flipkart, MSwipe, PineLabs, and others.<br /><br />“We are impressed with <keyword id="3558137" type="General" weightage="20" keywordseo="flexiloans" source="Orion">FlexiLoans</keyword>’ vision, strong management team and solid technology platform for driving financial access to deserving Micro SMEs. Indian MSMEs are increasingly adopting digital tools and FlexiLoans’ technology and data science assets are a perfect match to seize this opportunity to deepen financial access where it's most needed" said David Paradiso, Partner - MAJ Invest.<br /><br />Asia Link Advisors and Axis Capital acted as advisors for the fund raise.<br /><br /><strong>SEE ALSO</strong><br /><a href="https://www.businessinsider.in/business/corporates/news/indian-corporates-made-a-full-comeback-with-111-billion-profits-but-the-same-cant-be-said-for-2023/articleshow/92033485.cms" style="">Indian corporates made a full comeback with $111 billion profits, but the same can’t be said for 2023</a><br /><a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/lic-stocks-if-you-want-to-predict-this-stock-prices-look-how-the-stock-market-moves/articleshow/92040939.cms">If you want to predict LIC stock prices, look how the stock market moves</a><br /><a href="https://www.businessinsider.in/business/auto/news/tata-motors-bags-indias-biggest-ev-fleet-order-from-cab-company-blusmart/articleshow/92035478.cms">Tata Motors bags India’s biggest EV fleet order from cab company BluSmart</a><br />

FlexiLoans.com bags $90 million to cover six years’ of journey in one year

<ul><li>Adani Green Energy, a renewable energy company under Adani Group has entered the list of top 10 most valuable firms in terms of market capitalisation.</li><li>Shares of the company have more than doubled investors' money in just three months of 2022.</li><li>Billionaire and largest promoter of the firm <keyword id="111343" type="General" weightage="20" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>’s net worth also got a big boost due to this to become the sixth richest person in the world.</li></ul>Gautam Adani’s renewable energy firm, Adani Green Energy, has stolen the investor limelight with its sharp rally in shares leading it to enter the list of India’s most valuable companies. <br /><br />Adani Green Energy has more than doubled investors' money in 2022 so far i.e., in just three months. This exceptional performance has boosted more rally for the stock that spiked 27% in the last five trading days. <br /><br />Not only investors, billionaire and largest promoter of the firm Gautam Adani’s net worth also went up because of this to become <a href="https://www.businessinsider.in/business/news/gautam-adani-is-now-the-sixth-richest-person-in-the-world-as-per-forbes-real-time/articleshow/90698849.cms">sixth largest richest person in the world</a>. He has surpassed Oracle’s Larry Ellison and Google’s Sergey Brin and Larry Page to reach the spot.<br />            <div type="image" title="adani green chart" height="900" width="1200" msid="90819056" hostid="261"></div>The renewable company’s stellar rise in share price has brought it into the top 10 club of highest valued companies in the listed space. Adani Green Energy ranks ninth in the list of top 10 companies, as of April 13. The seven year-old company is now bigger than even large firms like <keyword id="45123" type="General" weightage="20" keywordseo="hdfc" source="Orion">HDFC</keyword>, Bajaj Finance, Bharti Airtel, ITC, Wipro, L&amp;T and many more. <br /><br />Also, it is the first non-Nifty 50 company that is part of the top 10 club.<br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top 10 companies in the market <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market capitalisation <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RIL<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17.31 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹13.42 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8.14 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7.34 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.32 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindustan Unilever<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.01 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.61 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Green Energy<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.46 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finance<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.44 lakh crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.32 lakh crore <br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>*As of April 13, 2022<br /><br />Besides, in recent times, investors have been filled with awe for companies under the clean and renewable energy space. Adding to it, Adani Group has a target of turning a net carbon zero economy by 2070. <br /><br />As a result, Abu Dhabi-based International Holding Company has said to invest $2 billion as primary capital in three Adani portfolio companies – Adani Green Energy, Adani Transmission, and Adani Enterprises helping the Group’s mission to become carbon free. <br /><br />Besides, the Indian government has also increased focus towards renewable energy and made a target of achieving 500 gigawatts of installed power capacity from non-fossil sources by 2030 and becoming net zero by 2070. <br /><br />Adani Green Energy is an Indian renewable energy company headquartered in Ahmedabad, Gujarat, which has a mix of solar, wind and hybrid power projects across the country. <br /><br />It is said to be one of the largest renewable companies in India, with a current project portfolio of 20,284 megawatt. It develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. Further, the company supplied the electricity generated from the projects to central and state government entities and government-backed corporations.<br />      <br />Adani Green Energy made a profit of ₹183 crore in FY21 after making a loss in the preceding two years.<br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,124 crore <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹183 crore<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2549 crore <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹67.96 crore <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,058 crore <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹475.05 crore <br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>    <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div><br /><strong>SEE ALSO: </strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ipo-bound-pinelabs-acquired-merchant-payment-solution-provider-mosambee/articleshow/90816088.cms">IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/lic-ipo-may-finally-be-launched-in-the-last-week-of-april-say-reports/articleshow/90814773.cms">LIC IPO may finally be launched in the last week of April, say reports</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/yamaha-shows-off-neos-and-e01-electric-scooters-in-india-heres-everything-you-need-to-know/slidelist/90814581.cms">Yamaha shows off Neo’s and E01 electric scooters in India – here’s everything you need to know</a>

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IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition

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Gautam Adani’s renewable energy firm now bigger than HDFC, Bajaj Finance, and Bharti Airtel

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