Pine Labs to acquire 100% of Shopflo for up to Rs 88 Cr

Listed Co AcquisitionStrategic Transactions View source PDF

PINELABS · price

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Price reaction · full curve 14 horizons · vs prior close

+4.7%1-day move

₹196.00

prior close

₹198.80

base price

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AI summary

Pine Labs' board approved acquiring 100% of Shopflo Technologies, a D2C checkout platform serving 1,000+ e-commerce brands, for up to Rs 88 crore in cash. Shopflo posted Rs 147.35 million turnover in FY25, up from Rs 91.58M in FY24. Deal to close in 3 months, needs no regulatory approvals, and is not a related-party transaction. Acquisition extends Pine Labs' online payments business (up ~50% YoY in Q3 FY26) into checkout optimisation, conversion tools, and consumer engagement.

Likely market impact

Strategic move to build a full-stack unified commerce platform. Modest cash deal (~Rs 88 Cr) is small relative to Pine Labs' scale; long-term growth potential from D2C segment expansion.