Pine Labs Acquires Shopflo for ₹88 Crore — A Big Bet on India’s D2C Checkout Revolution

India’s fintech sector just witnessed a significant power move. Leading merchant payments company Pine Labs has officially acquired Shopflo Technologies, a direct-to-consumer (D2C) checkout optimisation platform, in an all-cash deal worth up to ₹88 crore. The board approved the transaction on April 25, 2026, making it Pine Labs’ first acquisition since its stock market debut. […]