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Fintech company Pine Labs has acquired Bengaluru-headquartered SaaS startup Shopflo for a cash consideration of Rs 88 crore. Founded in 2021 by Priy Ranjan, Ankit Bansal and Ishan Rakshit and backed by the likes of Tiger Global, Shopflo has built a checkout platform for the D2C segment and also offers ecommerce enablement services. The acquisition will help Pine Labs offer an end-to-end platform for D2C merchants, spanning in-store payments, online checkout and conversion optimisation, growth to

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