Lone Pine Capital completed its investment in Pine Labs.

Lone Pine Capital, a US-based hedge fund, completed its investment in Pine Labs, a merchant commerce platform. Financial terms were not disclosed. “We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs’ growth journey. Small businesses and consumers are fast adopting to digital commerce and contactless checkout. We are also seeing tremendous uptake in Pay Later services and have now enabled nearly 150k outlets for this. It’s time to invest heavily in offline and online commerce across India and SEA,” B Amrish Rau, Pine Labs CEO.