Fintech major Pine Labs said on Monday it has acquired rewards and engagement platform Saluto Wellness as it continues to bolster its customer offerings.
According to sources, the deal is a full cash buyout and senior management of Saluto will get equity shares of Pine Labs. The deal is pegged at Rs 40-50 crore, people aware of the discussions told ET.
The acquisition will allow Pine Labs to provide corporate enterprises and brand partners with…
