About Shopflo
Shopflo is a Technology company based in Delhi (India) founded in 2021 by Priy Ranjan, Ankit Bansal, and Ishan Rakshit, and was acquired by Pine Labs in April 2026. Provider of checkout suite solutions for e-tailers. It operates in the Technology and Retail sectors. Shopflo has raised $2.6 million across 1 funding round from investors including Pine Labs, Tiger Global and TQ Ventures. The company has 30 employees. Its website shopflo.com draws about 51 thousand monthly visits. Its Indian entity Shopflo Technologies Private Limited reported revenue of ₹15.45 Cr. Shopflo offers products and services including Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and Analytics Dashboard. Its focus areas include E-Commerce Enablers, Customer Experience Management, Checkout and Brands Tech.
Company details
Founded in 2021 and based in Delhi, India, Shopflo operates in the e-commerce sector by offering checkout suite solutions. These enable fast checkout experiences for customers, integration with various payment methods, and automated coupon redemption. Abandoned carts are recovered through direct purchase completion on WhatsApp, supporting e-tailers in streamlining transactions and reducing losses.
- Headquarters Delhi, India
- Employees 30
- Founders Priy Ranjan, Ankit Bansal, Ishan Rakshit
- Stage Acquired
- SectorsTechnologyRetail
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website shopflo.com
- Social LinkedIn X Instagram
- Acquired by Pine Labs (Apr 2026)
- Legal Name Shopflo Technologies Private Limited
- Date of Incorporation 16 Dec, 2021
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Shopflo
Shopflo operates through Shopflo Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shopflo Technologies Private Limited CIN U72900DL2021PTC391307 | Active | 16 Dec 2021 | New Delhi, Delhi | ₹15.5 Cr | 30 | 3 | View details |
Products & Services of Shopflo
Shopflo offers a comprehensive portfolio of products and services, including Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and Analytics Dashboard.
Customizable system to increase conversions and average order value.
Enables password-less access for seamless user logins.
Allows brands to tailor checkout interfaces for better engagement.
Customizes discounts and upsell items to boost sales intent.
Provides insights into checkout funnels for data-driven decisions.
Routes payment methods to preferred gateways for secure transactions.
Funding Insights of Shopflo
Shopflo has successfully raised a total of $2.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.6 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.6M
- Total Rounds 1
- Last Round Seed — $2.6M
- First Round $2.6M
(May 2022)
- Investors Count 3
All 1 funding rounds of Shopflo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $2.6M | Seed | – | Tiger Global Management, TQ Ventures |
4 investors in total: 4 institutional.
Investors in Shopflo
Shopflo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Pine Labs, Tiger Global and TQ Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Early-stage venture capital fund investing in tech-based startups | tqventures.com | San Francisco, United States | ||
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Omnichannel payment solutions, loyalty programs, and business tools are provided. | 1998 | pinelabs.com | Noida, India |
Investor details for Shopflo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Shopflo Technologies Private Limited (Shopflo)
Shopflo Technologies Private Limited is the primary company behind Shopflo. The board of Shopflo Technologies Private Limited currently have 3 directors; the longest-serving is Ishan Rakshit, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ishan Rakshit DIN 07465478 | Director | 16 Dec 2021 | 4 yrs 10 mo | Shopflo Technologies Private Limited |
| Ankit Bansal DIN 07495367 | Director | 16 Dec 2021 | 4 yrs 10 mo | Shopflo Technologies Private Limited |
| Priy Ranjan DIN 09229899 | Director | 16 Dec 2021 | 4 yrs 10 mo | Shopflo Technologies Private Limited |
People of Shopflo
3 people are tracked at Shopflo (3 in leadership); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Shopflo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Shopflo
Figures of Shopflo Technologies Private Limited, the primary company behind Shopflo, for FY 2025. Revenue was ₹15.45 Cr (+66% year on year). Net loss was -₹3.30 Cr (-21% margin). EBITDA was -₹3.09 Cr (-20% margin). Revenue has grown at a compounded annual rate of +2705% over three years.
- ₹15.45 CrRevenue · FY 2025 · +66% YoY
- -₹3.30 CrNet loss · -21% margin
- -₹3.09 CrEBITDA · -20% margin
- ₹2.8 LakhPaid-up capital
- 30Employees (provident fund records)
- +2705%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Shopflo Technologies Private Limited are on its company page.
Detailed financial statements for Shopflo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Shopflo
3 dated milestones of Shopflo across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Shopflo is founded.
- Funding First funding round of $2.6M.
- Exit Acquired by Pine Labs.
Web traffic of Shopflo
The website of Shopflo (shopflo.com) receives about 51.4K visits a month and ranks #957,549 among all websites worldwide, #7,825 in Business Services.
- Monthly visits51.4K
▲ 97.9% vs previous month
- Unique visitors13.2K
per month
- Global rank#957,549
among all websites
- Category rank#7,825
Business and Consumer Services · Business Services
- Bounce rate47%
- Pages per visit2.6
- Average visit1 min 47 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with Shopflo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ithinklogistics.com | 100% | 331.1K | #101,891 | View details | |
| flexype.io | 96% | 18.2K | #1,298,560 | View details | |
| koparoclean.com | 96% | 256.1K | #207,953 | View details | |
| bitespeed.co | 95% | 53.6K | #464,510 | View details | |
| releas.it | 89% | 92.1K | #454,985 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Shopflo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Brand & Marketing Technology
3 companies that operate in the same segment as Shopflo (Brand & Marketing Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Crafts global health and wellness brands for digital platforms. | 2021 | Bengaluru, Karnataka, India | USD 206.9 M | USD 71.62 M | 427 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 |
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Related news about Shopflo
Complete news archive for Shopflo
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Articles about Shopflo on our blog
Frequently Asked Questions about Shopflo
Shopflo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Shopflo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Shopflo is a funded company, having raised a total of $2.6M across 1 funding round to date. The company's 1st funding round was a Seed of $2.6M, raised on May 2022.
Shopflo has 30 employees.
The primary company behind Shopflo, Shopflo Technologies Private Limited, reported revenue of ₹15.45 Cr for FY 2025, up 66% year on year.
Founded in 2021 and based in Delhi, India, Shopflo operates in the e-commerce sector by offering checkout suite solutions. These enable fast checkout experiences for customers, integration with various payment methods, and automated coupon redemption. Abandoned carts are recovered through direct purchase completion on WhatsApp, supporting e-tailers in streamlining transactions and reducing losses.
Shopflo offers Checkout Platform, Identity Login, Custom UI, Coupons and Upsell, and 2 more products and services.
Shopflo has 4 investors. Key investors include Pine Labs, Tiger Global, TQ Ventures, and Better Capital.
Shopflo operates through Shopflo Technologies Private Limited.
Yes. Shopflo was acquired by Pine Labs in April 2026.
The legal entities of Shopflo currently have 3 directors, including Ishan Rakshit, Ankit Bansal, Priy Ranjan.