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

Point-of-sales services provider Pine Labs has raised a new round of funding from the global card network major Mastercard. While transaction details were not disclosed, the new round is pegged at $100-150 million. This will make the Sequoia-backed Pine Labs the first Indian unicorn in 2020 with a valuation of $1.5-1.6 billion.

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