Shopflo - About the company
Shopflo is an acqui-hired company based in Bengaluru (India), founded in 2021 by Ankit Bansal, Priy Ranjan and Ishan Rakshit. It operates as a Provider of a platform optimizing the online checkout experience for businesses. Shopflo has raised $3.7M in funding from Tiger Global Management and TQ Ventures, with last known valuation of ₹*****. The company has 102 active competitors, including 33 funded and 11 that have exited. Its top competitors include companies like Iyzi Payments, Nexi and Klasha.
Company Details
Provider of a platform optimizing the online checkout experience for businesses. It offers tools for identity verification, analytics, payments, and shopping cart customization. The platform aims to improve conversion rates and average order value. It provides features such as discount management, user interface elements, and integrations with other e-commerce systems.
- Website
- www.shopflo.com/
- Social
- Email ID
- *****@shopflo.com
- Phone Number
- +91 **********
- 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, NEWDELHI, Delhi, India, 110071
Key Metrics
Founded Year
2021
Location
Bengaluru, India
Stage
Acqui-Hired
Total Funding
$3.7M in 1 round
Latest Funding Round
Last Known Valuation
₹***** as on Aug 03, 2022
Investors
Ranked
7th among 102 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
63 as on Aug 31, 2025
Similar Companies
Legal entities associated with Shopflo
Shopflo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SHOPFLO TECHNOLOGIES PRIVATE LIMITED CIN: U72900DL2021PTC391307 , India, Active | Dec 16, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 59 (As on Mar 01, 2026) |
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Shopflo's funding and investors
Shopflo has raised a total funding of $3.7M over 1 round. Its latest funding round was a Seed round on May 11, 2022 for $*****. 3 investors participated in its latest round. Shopflo has 3 institutional investors.
Here is the list of recent funding rounds of Shopflo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 11, 2022 | 2897374 | Seed | 8423861 | 3992076 | 6223817 | 1883206 |
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Shopflo's founders and board of directors
Founder? Claim ProfileThe founders of Shopflo are Ankit Bansal, Priy Ranjan and Ishan Rakshit. Priy Ranjan is the CEO of Shopflo.
Here are the details of Shopflo's key team members:
- Ankit Bansal: Co-Founder & CTO of Shopflo and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
- Priy Ranjan: Co-Founder & CEO of Shopflo and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
- Ishan Rakshit: Co-Founder of Shopflo and founder of 2 other companies, Shopflo and Kibo. They serve on the board of 1 company.Contact Info: 1 phone number
Shopflo's Board of Directors
Shopflo's board has 3 active members. Ankit Bansal, Priy Ranjan and Ishan Rakshit are part of team.Here is the list of Shopflo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 7m | |
Team | - | Current | 4y 7m | |
Team | - | Current | 4y 7m |
View details of Shopflo's Founder profiles and Board Members
Shopflo's employee count trend
Shopflo has 63 employees as of Aug 25. The total employee count is 29.0% more than what it was in Aug 24. Here is Shopflo's employee count trend over the years:
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Shopflo's Competitors and alternates
Top competitors of Shopflo include Iyzi Payments, Nexi and Klasha. Here is the list of Top 10 competitors of Shopflo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Iyzi Payments 2012, Istanbul (Turkey), Acquired | Provider of payment solutions for e-commerce companies and individuals | $28M | 73/100 | |
2nd | Provider of digital payment solutions, including POS devices and online services | - | 69/100 | ||
3rd | Klasha 2017, Dubai (United Arab Emirates), Seed | Platform offering cross-border commerce and payment solutions | $6.64M | 69/100 | |
4th |  Bolt 2014, San Francisco (United States), Series E | Provider of single-click checkout solution for e-commerce businesses | $947M | 68/100 | |
5th |  Balance 2020, San Francisco (United States), Series B | Provider of B2B software solutions to manage sales and purchase | $87M | 64/100 | |
6th | Provider of B2B payments solutions | $5.6M | 62/100 | ||
7th | Provider of a platform optimizing the online checkout experience for businesses | $3.7M | 59/100 | ||
8th | Provider of one-click checkout and payment solutions for online businesses | $7.12M | 55/100 | ||
9th | Fast 2019, San Francisco (United States), Series B | Provider of automatic data filling checkout solution for businesses | $134M | 51/100 | |
10th |  Skipify 2018, San Francisco (United States), Series B | Provider of identity-based payment solutions to optimize digital commerce experiences | - | 50/100 |
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Shopflo's Investments and acquisitions
Shopflo has made no investments or acquisitions yet.
Reports related to Shopflo
Here is the latest report on Shopflo's sector:
News related to Shopflo
Media has covered Shopflo for a total of 4 events in the last 1 year.
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•
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Pine Labs acquires D2C checkout platform Shopflo in Rs 88 Cr cash dealEntrackr•Apr 25, 2026•Shopflo, Pine Labs
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ecommerce: Ecommerce enablers emerge as hot picks for investors amid D2C boomIndiatimes•May 12, 2022•GoKwik, Shopflo
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Tiger Global goes seed-stage, invests in ecommerce enablement startup Shopflo’s $2.6 million roundIndiatimes•May 11, 2022•Shopflo, Tiger Global Management, TQ Ventures, Better Capital and 1 other
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