Pine Labs Acquires Ecommerce-Focused SaaS Startup Shopflo For ₹88 Cr

by · Inc42

SUMMARY

  • The acquisition was structured as an all-cash deal, with the acquisition amount expected to be disbursed in multiple tranches
  • The online checkout optimisation platform will allow Pine Labs to increase its presence in the ecommerce and digital merchant payments space
  • In FY25, ShopFlo’s revenue jumped almost 61% to ₹147 Cr from ₹91.6 Cr in the previous fiscal year