Pine Labs Acquires 100% of Shopflo for ₹88 Crore

Pine Labs Board approved acquisition of 100% stake in Shopflo Technologies for up to ₹88 crore to build a unified commerce platform.
Shopflo is a checkout optimization SaaS platform with ₹147.35 million FY25 turnover and serves over 1000 e-commerce brands.
The acquisition combines Pine Labs' payments infrastructure with Shopflo's checkout intelligence to offer merchants an end-to-end solution.
Pine Labs' online payments revenue grew ~50% YoY in Q3 FY26, with this acquisition strengthening its full-stack platform strategy.