Mr. Lokvir Kapoor is the Executive Chairman and Co-founder of Pine Labs, headquartered in Noida, India. Pine Labs offers a platform that includes technology and financial solutions for merchants to help them in increasing their revenue, reducing the cost and complexity of running business, and managing the risks involved.
Mr. Kapoor did his B.Tech in Mechanical Engineering from IIT Kanpur in 1987. Subsequently, he went on to complete his MBA from IIM Bangalore. Prior to Pine Labs, he has worked with Schlumberger in the areas of financial management and business development in India and abroad.
Pine Labs,a payments solutions startup, became a unicorn company in 2020 with funding from Mastercard. Pine Labs' services are used by merchants across sectors like electronics, pharmacy, food & beverage, fashion, telecom & airlines.Today, Pine Labs handles about $30 billion of payment amount yearly and supports approximately 140,000 merchants across 450,000 network points.