Acquisition
Pine Labs completes Shopflo acquisition
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- Buys 100% of Shopflo
- Kind
- Acquisition
- Amount
- ₹88 crore
What they do
Pine Labs completed buying all of Shopflo Technologies from existing shareholders in June 2026, for cash of ₹88 crore
What happened
Shopflo runs a checkout product for online brands selling direct to shoppers, plus tools for offers and store operations
Why it matters
Its turnover was ₹14.73 crore in the year to March 2025; the board had approved the deal in April 2026
The details
- Pine Labs now owns 100 percent of Shopflo.
- Price was ₹88 crore in cash.
- Board approval came in April 2026.
The deal
- Type
- 100% stake
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