Pine ridges

Pine Labs has acquired Kuala Lumpur-based payments and discovery platform Fave in an all-cash deal worth $45 million. The consolidation will help the merchant commerce startup build a consumer vertical in India and Southeast Asian countries such as Malaysia, Singapore and Indonesia. The acquisition also paves the way for Fave to launch its payments app in India, which will allow Indian consumers to make transactions at nearly 5 lakh physical retail points and merchants powered by Pine Labs, Amrish Rau, the chief executive of the Noida-based fintech unicorn, told ET. “For long we have seen that the experience of consumers making offline transactions is often broken in the sense that unlike online payments it is difficult to organize discounts, loyalties, cashbacks schemes on a single platform,” said Rau. “With Fave, we’ll solve two important pieces: for our merchants, it’ll improve engagements helping them bring their consumers back to the stores, and for consumers, … [Read more...] about Pine Labs acquires payments platform Fave for $45 million

On the occasion of Gudi Padwa , Pune Mirror shines the spotlight on a handful of people from the city, who are undertaking unique initiatives that bring joy to the lives of people and animals, helping COVID patients and vulnerable sections of society at risk in a selfless manner █ Succour for the stomach — and for the heart With the second wave taking away the joy of Gudi Padwa revelry, food service providers and home chefs are doing their bit, providing a traditional festive spread to positive patrons. They are doling out dishes ranging from local Puneri delicacies to unique recipes from across the state, ticking all the right boxes. Professional caterer Prajakta Bhosale, who owns Era Catering on Sinhagad Road, also specialised in corporate events before she started catering to patients, after finding demand among acquaintances. “Our venture took a conscious decision to provide economic meals to patients in facilities and at home. Though many lose sense of taste … [Read more...] about Celebration of bravehearts at the pandemic’s frontline