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PineLabs is an India-based spinout of Globallogic, another NAV portfolio company. It is a payment and loyalty solutions company targeting its products and services to Indian retailers that want to automate their operations while offering better services to consumers. Pine Labs started in the oil retail business by enabling electronic automation of transactions at gas stations. From there, it has expanded to offering solutions for retailers to keep more of their customers’ business. As India is maturing and growing, retail innovation will require modern solutions like PineLabs. PineLabs differentiates itself among many other players by offering solutions that can be customized for the idiosyncracies of the Indian market.