Peak XV Partners, Temasek, PayPal, Mastercard among largest Pine Labs shareholders after IPO

Peak XV Partners and Temasek Holdings’ MacRitchie Investments will continue to own more than 5% of Pine Labs after the Gurugram-based fintech company went public today.

While Peak XV Partners continues to be the largest single shareholder with a 16.6% stake, MacRitchie, which is part of Temasek, the Singapore government’s sovereign fund, will own 5.7% of Pine Labs.