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.
CIN: U72900DL2021PTC391307Active. Note: company was acquired by Pine Labs (100% stake, all-cash, ~Rs 88 crore) announced 25 Apr 2026, described in press as an acqui-hire; 3 new "Additional Directors" (Pine Labs-linked) were appointed 26 May 2026 per Falconebiz, alongside the original 3 founder-directors still listed as current on Tofler (dated 17 May 2026) - board composition appears to be in transition post-acquisition.RoC-Delhi (RoC-Delhi I per Falconebiz)Confidence: medium-high for identity/directors/GST/charges
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Shopflo Technologies Private Limited |
|---|---|
| CIN | U72900DL2021PTC391307 |
| PAN | ABHCS5045C (Tofler; not independently corroborated by a second source, so treat as partial) |
| Status | Active. Note: company was acquired by Pine Labs (100% stake, all-cash, ~Rs 88 crore) announced 25 Apr 2026, described in press as an acqui-hire; 3 new "Additional Directors" (Pine Labs-linked) were appointed 26 May 2026 per Falconebiz, alongside the original 3 founder-directors still listed as current on Tofler (dated 17 May 2026) - board composition appears to be in transition post-acquisition. |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 16 December 2021 |
| ROC | RoC-Delhi (RoC-Delhi I per Falconebiz) |
| Sector (NIC) | IT/Software services. Tofler: "Application development and software solutions" (main activity code J2 - publishing of computer operating systems/system/application software). Falconebiz activity description: "Other computer related activities (e.g. maintenance of websites, multimedia presentation creation services)". Specific NIC code not obtained. |
| 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 (confirmed by both Tofler and Falconebiz) |
| Authorized capital | INR 5,00,000 (Rs 5 lakh) - confirmed by both Tofler and Falconebiz |
| Paid-up capital | Conflicting: Tofler/TheCompanyCheck report Rs 2,78,000 (2.78 lakh); Falconebiz reports Rs 3,05,350. Likely a timing difference (Falconebiz figure may be more recent post a small allotment). Flagged as source conflict - use with caution. |
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 (via search snippet) 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- FY2025 (year ended 31 Mar 2025, standalone, per TheCompanyCheck): 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 (both Tofler and Falconebiz agree)
- 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 (not confirmed against a directly-fetched primary article, so partial confidence): 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 (round date not obtained)
- 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 (Entrackr/Inc42/direct company announcement) confirmation, which could not be fetched directly in this session (both Entrackr and Inc42 search pages returned no Shopflo-specific article content, and Crunchbase returned 403)
- 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
Charges
Confirmed- No open/registered charges found
- Tofler explicitly states "the company has no registered charges." No secured borrowings reported (TheCompanyCheck: "Secured Borrowings: None")
- 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
Frequently Asked Questions
What does Shopflo Technologies Private Limited do?
Shopflo is a Bengaluru-based (registered office Delhi) e-commerce checkout-optimization SaaS platform for D2C/online retail brands.
What is the CIN of Shopflo Technologies Private Limited?
The Corporate Identification Number (CIN) of Shopflo Technologies Private Limited is U72900DL2021PTC391307.
Where is Shopflo Technologies Private Limited registered?
Shopflo Technologies Private Limited is registered with RoC-Delhi (RoC-Delhi I per Falconebiz). 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 (confirmed by both Tofler and Falconebiz)
When was Shopflo Technologies Private Limited incorporated?
Shopflo Technologies Private Limited was incorporated on 16 December 2021.
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.