Pine Labs has received approval for acquisition of 100% stake in Shopflo Technologies (Shopflo) by way of purchase of shares from the existing shareholders of Shopflo. Shopflo is engaged in the business of development, deployment, operation and commercialization of a direct-to-consumer Checkout Platform and offers engine and e-commerce enablement services and/or solutions and technology.
This acquisition marks a defining step in Pine Labs' evolution into a full-stack payments and commerce platform--one that now serves merchants seamlessly across both offline and online channels. Cost of acquisition is up to Rs 88 crore in one or more tranches. The said acquisition is expected to be completed in 3 months. The Board of Directors of the company at its meeting held on April 25, 2026 has approved the same.
Pine Labs offers a merchant platform that includes technology and financial solutions for merchants. The company also leverages technology and domain expertise for merchants of all sizes helping them to thrive in the changing global marketplace.
