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Wide promotional banner featuring a Pine Labs payment terminal displaying a QR code on its screen, with a green textured background. The Entrepreneurship Studio logo is visible in the top left corner

Pine Labs Relocating to India: A Strategic Move Reflecting Broader Market Trends

Pine Labs, a fintech giant valued at over $5 billion, has just secured approval for a strategic merger of its Singapore and Indian entities, marking a significant realignment towards its operations in India. This move, supported by leading investors including Fidelity and PayPal, signifies a broader trend of Indian startups repatriating their bases to leverage the growing confidence in India's economic and regulatory frameworks. At Entrepreneurship Studio, we delve into the implications of Pine Labs' operational shift and explore what this means for the market dynamics and the broader startup ecosystem in India.

By
Anurag Trivedi
WoodenStreet revenue nears Rs 200 Crores in Financial Year 2023, remains profitable - Image by Entrepreneurship studio

WoodenStreet's revenue approaches Rs 200 crore in FY23, maintaining profitability.

The Jaipur-based company founded in 2015, WoodenStreet, has sustained over 50% year-on-year sales growth, remaining profitable for the past four years. The omnichannel custom furniture platform's revenue from operations grew to Rs 194 crore in FY23 from Rs 131 crore in FY22, with furniture, furnishing, and decor sales as its main revenue source. They offers home solutions through over 90 stores, providing a wide range of furnishing products.

By
Akansha Panwar
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