Pine Labs Acquires Shopflo for Unified Commerce Platform

Pine Labs Board approved 100% acquisition of Shopflo Technologies for up to ₹88 crore to integrate online checkout capabilities.
Shopflo is a SaaS checkout platform with ₹147.35M FY2025 revenue, serving 1000+ e-commerce brands and 60M+ consumers.
Acquisition aims to create unified commerce platform combining Pine Labs' payments with Shopflo's conversion optimization tools.
Transaction is not a related party transaction and requires no governmental approvals per regulatory disclosure.