Pine Labs acquired Saluto Wellness Private Limited’s proprietary enterprise platform

Share via:

Pine Labs acquired Bengaluru-based Saluto Wellness Private Limited’s proprietary enterprise platform to boost its issuing business under the Qwikcilver brand. However, the companies didn’t disclose the acquisition amount.

Saluto Wellness offers employee engagement, channel partner engagement, and customer engagement programs. According to a statement, the acquisition will enable Pine Labs to improve its offerings for medium and large businesses in the areas of employee rewards and recognition, customer loyalty programmes, and channel partner programmes. The market for loyalty programmes in India is predicted to reach $10.8 billion by 2031, expanding at a CAGR of about 15% over the following ten years, according to a report by Future Market Insights. The market is currently $3 Bn in size, and major banks, NBFCs, and fintech companies are engaged in competition.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Pine Labs acquired Saluto Wellness Private Limited’s proprietary enterprise platform

Pine Labs acquired Bengaluru-based Saluto Wellness Private Limited’s proprietary enterprise platform to boost its issuing business under the Qwikcilver brand. However, the companies didn’t disclose the acquisition amount.

Saluto Wellness offers employee engagement, channel partner engagement, and customer engagement programs. According to a statement, the acquisition will enable Pine Labs to improve its offerings for medium and large businesses in the areas of employee rewards and recognition, customer loyalty programmes, and channel partner programmes. The market for loyalty programmes in India is predicted to reach $10.8 billion by 2031, expanding at a CAGR of about 15% over the following ten years, according to a report by Future Market Insights. The market is currently $3 Bn in size, and major banks, NBFCs, and fintech companies are engaged in competition.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Why vector databases are having a moment as the...

Vector databases are all the rage, judging by...

Notable Capital’s Hans Tung on the state of VC...

To some investors, “down round” is a dirty...

Mamaearth Parent To Amalgamate Two Subsidiaries With Itself To...

SUMMARY Honasa’s board approved the amalgamation of two of...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!