Pine Labs has acquired e-commerce checkout startup Shopflo for ₹88 crore.
Shopflo reported revenue growth to ₹14.7 crore in FY25, up from ₹9.1 crore in FY24.
The platform serves over 1,000 brands, delivering a claimed 15-20% boost in merchant conversion rates.
The deal allows Pine Labs to combine its offline PoS dominance with specialized D2C online checkout tools to reduce cart abandonment.
Read the full story on StartupFox