By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AdkhabarAdkhabarAdkhabar
Notification Show More
Font ResizerAa
  • Home
  • Automobile
  • Entertainment
  • Esports
  • Food
  • Health
  • Life Style
  • News
  • Technology
  • Travel
Reading: Zaggle buys two companies in a single day, pumps Rs. 150 crore
Share
Font ResizerAa
AdkhabarAdkhabar
  • Home
  • Automobile
  • Entertainment
  • Esports
  • Food
  • Health
  • Life Style
  • News
  • Technology
  • Travel
Search
  • Home
  • Automobile
  • Entertainment
  • Esports
  • Food
  • Health
  • Life Style
  • News
  • Technology
  • Travel
Follow US
Adkhabar > Blog > News > Zaggle buys two companies in a single day, pumps Rs. 150 crore
Zaggle buys two companies in a single day, pumps Rs. 150 crore
News

Zaggle buys two companies in a single day, pumps Rs. 150 crore

Last updated: 09/06/2025 8:36 PM
Published: 09/06/2025
Share
SHARE
  • The company is set to acquire a 100% stake in Dice and GreenEdge
  • The company has made four acquisitions in the last four months, infusing about Rs. 215 crore

MUMBAI, India, June 9, 2025 /PRNewswire/ — Zaggle Prepaid Ocean Services Limited, India’s leading spend management company, is set to acquire a 100% stake in Dice and GreenEdge Enterprises for ₹150 crore. These consecutive acquisitions will enhance Zaggle’s presence in the Indian market, significantly broaden its portfolio of advanced spend management solutions and further strengthen its offerings in the loyalty, rewards and travel segments.

- Advertisement -

With this acquisition, Zaggle has completed four strategic takeovers in the past four months, totalling nearly ₹215 crore. These moves align with the company’s ambition to become a $1 billion revenue enterprise within the next five to seven years. Zaggle is strategically deploying the ₹595 crore raised through its Qualified Institutional Placement (QIP) to acquire companies that are product-accretive, geography-accretive, or EBITDA-accretive, while ensuring sustained positive returns on equity and investments.

- Advertisement -

Incorporated in 2018, Dice is a Pune-based AI-driven enterprise spend management platform, specializing in Spending as a Service. Its suite of solutions encompasses travel and expense management, accounts payable management and procurement management solutions. Its unified platform offers seamless self-booking, approvals and reconciliations with built-in policy controls, streamlining the entire spend cycle for businesses. The company has demonstrated consistent growth over the last two years, clocking a turnover of over Rs. 6 crores in FY24.

- Advertisement -

The acquisition of Dice will significantly enhance Zaggle’s existing product portfolio, transforming it into a more comprehensive and integrated suite of spend management solutions. Through this acquisition, Zaggle will gain access to Dice’s established customer base, which includes prominent enterprises such as Tata AIA, Bajaj Electricals and DTDC, further reinforcing its market presence. The combined capabilities will not only deepen Zaggle’s reach within the Indian market but also create new opportunities to deliver its advanced solutions on a global scale.

- Advertisement -

GreenEdge Enterprises, on the other hand, is a specialized solution provider for golf travel, unique experiences and access-based rewards. With its stronghold in India, the company achieved a turnover of Rs. 19.82 crores in FY24. This acquisition will enhance Zaggle’s product offerings in the loyalty and rewards and travel segment, providing a substantial boost to its Propel offering.

- Advertisement -

Zaggle had recently announced the acquisition of a 51% Controlling Stake in EffiaSoft and a 38.34% stake in Mobileware Technologies. The company had recently reported a consolidated profit after tax (PAT) of Rs. 87.4 crore for FY25, up from Rs. 44 crore in FY24.

- Advertisement -

About Zaggle

- Advertisement -

Founded in 2011, Zaggle (BSE: 543985) (NSE: ZAGGLE) is a leading player in spend management, offering a differentiated value proposition with a diversified user base. Operating within the business-to-business-to-customer (B2B2C) segment, Zaggle stands out as one of the few companies with a comprehensive range of financial technology products and services. Zaggle is one of India’s top issuers of prepaid cards, collaborating with banking partners to drive its card offerings. The company also boasts a diverse portfolio of SaaS products and an extensive network of touchpoints. As of March 31, 2025, Zaggle has issued over 50 million prepaid cards, serves more than 3,400 corporate enterprise clients and supports a user base exceeding 3.2 million. With a robust corporate client base spanning various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobiles, Zaggle is well-positioned as a leading player in the spend management sector.

- Advertisement -

For more information, please visit the company website www.zaggle.in or follow us on LinkedIn www.linkedin.com/company/zaggleapp/

- Advertisement -

 

- Advertisement -

View original content:https://www.prnewswire.com/in/news-releases/zaggle-buys-two-companies-in-a-single-day-pumps-rs-150-crore-302476260.html

- Advertisement -
NYSE Content Advisory: Pre-Market update + Trump puts 30% tariff on Mexico, EU
GLOBAL CEOS TO CONVENE IN BEIJING FOR LANDMARK FORUM ON SUSTAINABLE TRANSITION
Fidelis Security Integrates With Palo Alto Networks To Deliver Enhanced Network Detection and Response in Zero Trust Environments
ROLLER and Slick City Team Up to Share the Franchise Growth Playbook in Upcoming Webinar
Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate
TAGGED:$150buyscompaniescroredaynewspumpsrs.singletwozaggle
Share This Article
Facebook Email Print
- Advertisement -

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Crayola Launches First-Ever Global Color Vote, Inviting Fans Worldwide to Choose Their Favorites
News

Crayola Launches First-Ever Global Color Vote, Inviting Fans Worldwide to Choose Their Favorites

01/07/2025
Mystore Unveils Mystore Genie, an AI Agent Built On Google Cloud to Supercharge ONDC Network Buyer Journeys
Memorial Day Weekend in Las Vegas Will Feature Extravagant Pool Parties, Unforgettable Entertainment and Sensational Special Events
Stavian Chemical Climbs to Top 15 in ICIS Top 100 Global Chemical Distributors 2025
Tarot Reading Online: How Free Tarot Tools Are Empowering Individuals to Navigate Love and Life
- Advertisement -
- Advertisement -

Categories

  • Automobile
  • Entertainment
  • E-Sports
  • Food
  • Health
  • Technology
  • LifeStyle
  • Travel

About Us

Through our news networks, we raise millions of users' awareness. We are among the world's most reputable news networks.
Quick Link
Top Categories
  • Entertainment

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

AdkhabarAdkhabar
Copyright © 2021 - 2025 AdKhabar. All Rights Reserved. POWERED BY Life Care News.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?