Pine Labs
put up a strong show in Q2 FY27. Buoyed by broad-based improvement across its core verticals and rising margins, the fintech major’s revenue growth hit a five-quarter high during the quarter while its net profit skyrocketed six-fold.
Here’s the breakdown of Pine Labs’ Q2 numbers:
Double Growth Engine: The startup’s Q2 performance reflected higher GTV, new products, an expanding merchant ecosystem and double-digit growth across its core digital infrastructure and issuing platform verticals. In addition, increased operating leverage outpaced expense growth, further strengthening cash flows.
The company also continued to deepen its monetisation capabilities through new value-added services and AI-led credit underwriting tools that process over 1 Lakh loans monthly.
The MDR Boost: Pine Labs sees a “meaningful upside” from the proposal to re-introduce merchant discount rate on UPI transactions above ₹2,000. Given that enterprise merchants drive a substantial share of its volume, the company plans to aggressively deploy additional soundbox devices to capture a bigger chunk of merchant wallet share.
Around The World: International markets are also becoming a bigger part of Pine Labs’ business, contributing 15% of its top line in Q2. The company now operates across more than 22 markets and is seeing strong momentum in Southeast Asia, where revenue and digital checkout points expanded rapidly in the quarter. While the UAE business crossed a meaningful daily transaction milestone, the company is also building presence in the Philippines and Singapore.
These markets give Pine Labs a broader runway beyond India and reduce dependence on any single regulatory environment. With its underlying businesses compounding, here’s a closer look at Pine Labs performed in Q2 FY27…
Physiotherapy often breaks down between appointments. While patients struggle to follow exercises, therapists lack real-time visibility into progress. To solve this, Physioplus is building a digital layer that keeps assessment and recovery tracking connected beyond the clinic.
A Digital Coach: Founded in 2022, Physioplus’ AI-powered platform helps patients discover physiotherapists, book consultations, request home visits and receive support for chronic pain and post-surgery rehabilitation. The platform is designed to make access more convenient while helping clinicians understand a patient’s history before treatment begins.
The Rehabilitation Stack: For practitioners, Physioplus combines digital practice management, patient records, clinical assessments, documentation and tech-enabled monitoring. Its monitoring layer also supports home-based rehabilitation by capturing exercise adherence, pain changes and functional progress over time.
Growing Steadily: Physioplus claims to have so far onboarded over 1,000 patients. It is now focusing on scaling product development, expanding its physiotherapist network and fueling growth across India. With the homegrown digital health and rehabilitation market projected to become a $14.8 Bn opportunity by 2033, can Physioplus make physiotherapy more measurable and consistent beyond the clinic?
From kitchenware and appliances to furniture and home décor, startups are turning everyday household needs into big business. How much funding have they raised to build their brands?
Source: Inc42
