Acquisitions25 Apr 2026, 02:30 pm
Pine Labs Acquires Shopflo for Up to ₹88 Cr
AI Summary
Pine Labs has acquired 100% stake in Shopflo Technologies Private Limited for up to ₹88 Cr in cash. Shopflo, a direct-to-consumer checkout platform, had a turnover of ₹147.35 million as of March 31, 2025. This acquisition aims to enhance Pine Labs' unified commerce and payments platform by integrating Shopflo's online checkout and D2C growth tools.
Key Highlights
- Pine Labs to acquire 100% stake in Shopflo Technologies.
- The acquisition cost is up to ₹88 Cr in cash.
- Shopflo's turnover as of March 31, 2025, was ₹147.35 million.
- The acquisition will help Pine Labs offer an integrated D2C platform.