Company Intelligence Profile
Shopflo Technologies Private Limited
Shopflo is a Bengaluru-based (registered office Delhi) e-commerce checkout-optimization SaaS platform for D2C/online retail brands.
Last updated 6 September 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Shopflo Technologies Private Limited |
|---|---|
| CIN | U72900DL2021PTC391307 |
| PAN | ABHCS5045C |
| Status |
|
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 16 December 2021 |
| ROC | RoC-Delhi |
| Sector (NIC) |
|
| Registered address | Plot No S-151/A Kh No 14/22/5/3, 14/23 D Block Qutub Vihar, Phase-I, Gali No.10, South West Delhi, New Delhi, Delhi 110071, India |
| Authorized capital | INR 5,00,000 (Rs 5 lakh) |
| Paid-up capital | Conflicting: Tofler/TheCompanyCheck report Rs 2,78,000 (2.78 lakh) |
Business Overview
Confirmed- Shopflo is a Bengaluru-based (registered office Delhi) e-commerce checkout-optimization SaaS platform for D2C/online retail brands
- Its product provides a customizable, fast checkout experience with features including gamified promotions, identity verification via a claimed 100M+ user network, cart/discount optimization, payment processing and post-purchase analytics
- Company site (shopflo.com) claims 1,800+ brands use the platform daily and 500+ "premium" brands, with quoted average uplift metrics of +27.2% conversion, +28% AOV, +41% prepaid share
- Business Standard cited "over 1,000 e-commerce online brands processing transactions for 60 million customers" at the time of the Pine Labs deal
- The company originated from/alongside an associated brand "Bzaar" (B2B supply-chain solutions) per TheCompanyCheck, suggesting an earlier pivot from B2B supply chain to D2C checkout tech
- Founders: Ankit Bansal, Priy Ranjan, and Ishan Rakshit (2021)
Directors
Partial / conflictingOriginal/incorporation directors (Tofler, updated 17 May 2026, "5 years" tenure): Ishan Rakshit (DIN 07465478), Ankit Bansal (DIN 07495367), Priy Ranjan (DIN 09229899). Separately, Falconebiz lists three "Additional Directors" appointed 26 May 2026: Vijeth Pandit (DIN 10286506), Siddharth Agarwal (DIN 11707297), Ritesh Khetan (DIN 09642571) - these appointments align with the timing of the Pine Labs acquisition (announced 25 Apr 2026) and likely represent acquirer-side board nominees; whether the original three founder-directors have since resigned is not confirmed by any source fetched. Report both sets and flag as a probable post-acquisition transition rather than a straightforward conflict.
GST
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07ABHCS5045C1ZI | Delhi | ABHCS5045C (Tofler; not independently corroborated by a second source, so treat as partial) | Active |
Primary GSTIN: 07ABHCS5045C1ZI (Delhi, state code 07), registered 28 Jan 2022, Regular taxpayer, entity type Private Limited Company - reported consistently via aggregator (knowyourgst.com/mastersindia.co/piceapp.com per search synthesis); direct GSTIN-detail page fetch returned a server error so this is search-snippet-corroborated rather than primary-page-confirmed (partial). PAN: ABHCS5045C. Home state: Delhi. Number of GST registrations: only 1 identified (Delhi); could not confirm if additional state registrations exist (not obtained). Status: appears Active/Regular.
Financials
Partial / conflicting- Revenue Rs 15.45 crore, up 66% YoY. EBITDA and Net Profit/PAT: locked behind premium paywall on TheCompanyCheck - not obtained. Net worth and borrowings: not obtained. Last AGM: 30 September 2025. Latest balance sheet date: 31 March 2025 (agreed by both sources). No consolidated financials found (company is not itself a listed/group-parent filer in sources checked)
Funding
Partial / conflicting- Via web-search snippets: Seed round ~$2.6 million, dated ~11 May 2022, led by Tiger Global Management and TQ Ventures, with Better Capital and angel investors participating
- Series A round ~$20 million, investor-led by Binny Bansal (Flipkart co-founder) with participation from Elevation Capital, Tiger Global, RTP Global, and Better Capital
- Total raised cited as "approximately $7.8 million+" in one summary, which is inconsistent with the sum of the two rounds above ($22.6M) - flagging this internal inconsistency; treat all funding figures as unverified/partial pending a primary-source confirmation, which could not be fetched directly in this session
- ACQUISITION: Pine Labs acquired 100% of Shopflo for approximately Rs 88 crore (~$9.3-10.5 million) in an all-cash deal, announced 25 April 2026, expected to close within three months
- reported by Moneycontrol, Economic Times, and Business Standard (consistent across all three per search synthesis) - characterized in press as an acqui-hire, aimed at strengthening Pine Labs' online/D2C merchant and unified-commerce offering versus rivals like Razorpay and PayU
In the News
ConfirmedPine Labs concludes acquisition of 100% stake in Shopflo Technologies
Business Standard · 3 months ago
Pine Labs completes 100% acquisition of Shopflo Technologies
scanx.trade · 3 months ago
Headlines about Shopflo Technologies Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 4 days ago.
Source: Google News aggregated headlines
Charges
Confirmed- No open/registered charges found
- Tofler explicitly states "the company has no registered charges." No secured borrowings reported
- Per standing caveat, "no charges" reflects no *open* charges on record, not necessarily none ever created
Competitors
Confirmed- India D2C checkout-optimization space: GoKwik (larger scale, well-funded, closest direct competitor), Fastrr (positions itself as "India's fastest checkout solution"), Simpl (checkout/BNPL-adjacent), Bolt (one-click checkout)
- Adjacent/platform-level competitors: Razorpay Magic Checkout (from a major payments incumbent)
- Global reference points (less direct India comparables): Shopify Pay, PayPal Checkout, Stripe Checkout
- Scale tag: Shopflo is smaller-to-mid-scale versus GoKwik in funding/brand count as of the acquisition; exact comparative funding figures for peers not obtained in this session
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