Thursday, February 19, 2026
  • Hype
  • Murai
  • Lipstiq
  • Wanista
  • Varnam
  • Hangat
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Fintech

India’s Pine Labs Acquires Fave For RM185 Million

by Sebastian Loh
April 13, 2021
Share on FacebookShare on Twitter

Pine Labs, an Indian merchant commerce platform, has bought Malaysian startup Fave for RM185 million (~US$45 million). If you’re unfamiliar with Fave, then you may remember its previous iteration, Groupon Malaysia.

As part of the acquisition deal,  Fave is now able to expand its reach to India. Expected to be available later this year, the Fave app can then be used at 500,000 merchant network points powered by Pine Labs across 3,700 cities throughout the country.

A render of the Fave Pay app for India.

“India has the digital advantage with young demography, growing aspirational middle class with rising disposable income and increasing digital savviness,” said Fave CEO and co-founder Joel Neoh.

At the moment, Fave offers a familiar mix of discounts, cashback, and other rewards, while also facilitating payments through FavePay – though it’s not an e-wallet. The company currently operates in 35 cities across Malaysia, Singapore, and Indonesia.

Fave CEO and co-founder Joel Neoh.

It also claims to have enabled six million consumers in Southeast Asia to save over US$400 million (~RM1.7 billion) across 40,000 retailers since 2016. Fave stated that consumers in Malaysia alone have managed to save around RM369 million to date.

Despite the acquisition, Fave’s leadership structure remains intact according to the company. However, its founders will have much larger roles now as they will soon lead the overall platform for the group across Asia.

At the same time, the company has also planned to hire over 100 new employees in Southeast Asia and India as part of its effort to put the app into the hands of more consumers in both regions.

(Source: Pine Labs / Fave. Image: Fave.)

Filed Under acquisitionfavefave malaysiafintechIndia
Updated 5:29 pm, Wed, 14 April 21
http://lowy.at/7ZYqa
Share2Tweet1SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Streaming

    Astro To Drop HBO Channels From March, Introduces Four New Channels

  2. 2
    Editorial

    The Malaysian Who Sold AI.com For US$70 million, Did Not Purchase it for US$100 in 1993

  3. 3
    Apps

    Reminder: MyDigital ID To Be Sole Login Method For MyJPJ Starting March 2026

  4. 4
    Streaming

    Astro One Sports And Epic Packs Offered At Discounted Prices Until 30 April 2026

  5. 5
    News

    Toyota Announces 2026 Corolla Cross HEV GR Sport; Priced In Malaysia From RM148,800

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Wanista
  • Varnam
  • Hangat
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.