ETtech Deals Digest: Pine Labs, Lenskart raise funds

India’s startup ecosystem witnessed bigger funding rounds this week compared to the last. Digital payments startup Pine Labs and omnichannel eyewear retailer Lenskart were among the startups that bagged funds this week.

Pine Labs funding

Payments solutions provider Pine Labs has secured $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—Temasek, Lone Pine Capital and Sunley House Capital have also participated in the round.