Acquisitions27 Apr 2026, 01:11 pm
Pine Labs Acquires Shopflo for Unified Commerce Platform
AI Summary
Pine Labs Ltd has acquired 100% stake in Shopflo Technologies Private Limited for up to ₹88 Cr in cash. The acquisition aims to integrate Shopflo's direct-to-consumer checkout platform with Pine Labs' existing payment solutions, creating a unified commerce and payments platform. The board meeting approving the acquisition was held on April 25, 2026, commencing at 11:45 a.m. (IST) and concluding at 12:05 p.m. (IST). Shopflo's turnover as of March 31, 2025, was ₹147.35 Million.
Key Highlights
- Pine Labs acquires 100% stake in Shopflo Technologies for up to ₹88 Cr.
- Shopflo's platform will integrate with Pine Labs for unified commerce.
- Shopflo's turnover as of March 31, 2025, was ₹147.35 Million.
- The acquisition does not fall under related party transactions.
- The acquisition is expected to be completed within 3 months.