July 06, 2021 10:17 AMIt is targeting an initial public offering within 18 months. : BENGALURU (BLOOMBERG) - Pine Labs, a payments platform for merchants in India and South-east Asia, closed a US$600 million (S$807 million) fund-raising round with some of the world's largest investors, including Fidelity Management & Research and BlackRock, as it targets an initial public offering (IPO) within 18 months. The Singapore-based start-up, which offers solutions for in-store and online payments as well as prepaid, loyalty and "pay later" programmes, is valued at US$3 billion, chief executive Amrish Rau said.