Pine Labs to Acquire 100% Stake in Shopflo Technologies
Pine Labs to Acquire 100% Stake in Shopflo Technologies for ₹88 Crore.
Pine Labs Limited, a technology company digitising commerce through digital payments and issuing solutions in India and across the globe, on April 27, 2026, officially announced that,
The Board of Directors of the company, at its meeting held on April 25, has approved the acquisition of a 100 percent stake in Shopflo Technologies Private Limited. Source: BSE.
Acquisition Details
Global fintech platform Pine Labs today announced the acquisition of Shopflo Technologies by way of the purchase of shares from the existing shareholders of Shopflo Technologies Pvt Ltd.
Shopflo Technologies is engaged in the business of developing, deploying, operating, and commercializing a direct-to-consumer Checkout Platform, and offers engine and e-commerce enablement services (solutions) and technology, with a Paid-up capital of INR 2,78,180 and Turnover of Rs. 147.35 Million as on March 31, 2025.
Shopflo is a next-generation online checkout optimisation platform trusted by over 1,000 e-commerce brands and powering seamless experiences for more than 60 million consumers.
Shopflo Technologies Private Limited (Shopflo) was incorporated under the Companies Act, 2013, on December 16, 2021, with the Registrar of Companies, Delhi, as a Private Limited Company.
Pine Labs to Acquire 100% Stake in Shopflo Technologies
Acquisition Value
The cost of acquisition of the aforesaid transaction is INR 88 Crore, to be paid in one or more tranches.
Tenure
3 months is the Indicative time period for completion of the acquisition.
Exchange Compliance
The Company has filed these details in accordance with Regulation 30 read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI circular SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, as Annexure – A.
Leadership View
Commenting on the acquisition, B Amrish Rau, CEO, Pine Labs, said,
Commerce today is no longer defined by channels — merchants need a single, intelligent platform that can power both their offline and online journeys.
With the acquisition of Shopflo, we are taking a decisive step toward building a truly full-stack payments and commerce platform.
This strengthens our ability to serve merchants end-to-end, from in-store payments to online checkout and beyond.
Refer to pine labs news for further details.
Market Cap: The company’s market capitalization is ₹22,900 crore.
Technical: The stock is currently trading above its 20-day and 50-day SMAs and trading below its 100-day simple moving averages.
Price Performance: On a year-to-date basis, Pine Labs’ share is down 16.70% and down by 12.80% over the last three-month period. However, the company’s shares are trading 23.60% higher over the last one-month period.
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