Pine Labs shares are in focus as the six-month lock-in period ends, freeing shares worth over Rs 17,372 crore for trading today. Since its market debut, the stock has been under pressure. The company is also expected to announce its January-March quarter earnings soon, adding to investor attention around potential near-term volatility.
Obhan Mason has been named lead legal counsel to Pine Labs in its 100% acquisition of Shopflo Technologies, a SaaS-based online checkout platform. The deal is valued at ₹88 crore (about USD 9.3 million). The transaction signals Pine Labs’ push to expand merchant checkout capabilities through integration of Shopflo’s software platform.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
PetPooja, a restaurant POS SaaS provider, is under investigation after GST and income tax raids across nearly 100 eateries in 45 cities, with officials alleging restaurants deleted or edited bills to hide sales. Authorities have seized 60 TB of data and say Punjab alone saw over ₹5,000 Cr scrubbed from digital records. In parallel, Pine Labs plans to acquire Shopflo for ₹88 Cr, signaling its push into commerce payments.
Pine Labs has acquired a 100% stake in ecommerce enabler Shopflo Technologies for Rs 88 crore, seeking to broaden its online merchant offerings. The deal targets mid-market and small businesses, a key battleground where digital payments firms are racing to win merchants. Pine Labs’ move is set to intensify competition with players including Razorpay and PayU.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
