About Zaggle
Zaggle is a company based in Hyderabad (India) founded in 2011 by Raj Phani Narayanam.. Zaggle has raised $13.75 million across 6 funding rounds from investors including Société Générale, Bank of India and Nuvama. The company has 431 employees as of March 31, 2024. Zaggle has completed 6 acquisitions, including Click&Pay, Dice and EffiaSoft. Zaggle operates in a competitive market with competitors including Razorpay, Sodexo, Karbon, Jeeves and Happay, among others.
- Headquarter Hyderabad, India
- Employees 431 as on 31 Mar, 2024
- Founders Raj Phani Narayanam
- Stage Minicorn
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zaggle Prepaid Ocean Services Limited
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Annual Revenue
$110.28 M (USD)21.7as on Mar 31, 2024
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Net Profit
$10.27 M (USD)99.73as on Mar 31, 2024
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EBITDA
$13.43 M (USD)61.25as on Mar 31, 2024
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Total Equity Funding
$13.75 M (USD)
in 6 rounds
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Latest Funding Round
$1.65 M (USD), Post-IPO
Dec 16, 2025
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Investors
Société Générale
& 22 more
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Employee Count
431
as on Mar 31, 2024
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Investments & Acquisitions
Click&Pay
& 5 more
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IPO & Listings of Zaggle
Zaggle is a publicly listed company on the NSE with ticker symbol ZAGGLE in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Zaggle
Zaggle has successfully raised a total of $13.75M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.65 million completed in December 2025. 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 Total Funding
- Total Rounds 6
- Last Round Post-IPO — $1.7M
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First Round
First Round
(01 Nov 2017)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Post-IPO - Zaggle | Valuation |
investors |
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| Dec, 2024 | Amount | Post-IPO - Zaggle | Valuation |
investors |
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| Aug, 2023 | Amount | Series A - Zaggle | Valuation | Bengal Finance and Investment |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zaggle
Zaggle has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Société Générale, Bank of India and Nuvama. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments in fintech and financial services are targeted.
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Founded Year | Domain | Location | |
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Asset management focused on Performing Credit and alternative investment funds in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zaggle
Zaggle has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Click&Pay, Dice and EffiaSoft. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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EMIs and credit payments are facilitated via UPI QR codes.
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2023 | ||||
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Corporate spend management and payment solutions are provided by Dice.
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2018 | ||||
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Card-linked mobile app enables store payments and peer transfers.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zaggle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zaggle Comparisons
Competitors of Zaggle
Zaggle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Sodexo, Karbon, Jeeves and Happay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
International payment and corporate expense solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| domain | founded_year | HQ Location |
Expense management software and corporate cards are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zaggle
Frequently Asked Questions about Zaggle
When was Zaggle founded?
Zaggle was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Zaggle located?
Zaggle is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Zaggle?
Avinash Godkhindi is the current CEO of Zaggle.
Is Zaggle a funded company?
Zaggle is a funded company, having raised a total of $13.75M across 6 funding rounds to date. The company's 1st funding round was a Series A of $11.76M, raised on Nov 01, 2017.
How many employees does Zaggle have?
As of Mar 31, 2024, the latest employee count at Zaggle is 431.
What is the annual revenue of Zaggle?
Annual revenue of Zaggle is $110.28M as on Mar 31, 2024.
What does Zaggle do?
Zaggle was founded in 2011 in Hyderabad, India, as a platform focused on spend management and payments in the fintech sector. Automated workflows are utilized to handle employee benefits, expenses, allowances, and channel partner incentives. Prepaid cards, digital rewards, and recognition tools are provided to support operations across various industries. Services are extended to enterprises seeking practical solutions for financial processes.
Who are the top competitors of Zaggle?
Is Zaggle publicly traded?
Yes, Zaggle is publicly traded on NSE under the ticker symbol ZAGGLE.
How many acquisitions has Zaggle made?
Who are Zaggle's investors?
Zaggle has 23 investors. Key investors include Société Générale, Bank of India, Nuvama, ICICI Prudential Asset Management Company, and Ventureast.
What is Zaggle's ticker symbol?
The ticker symbol of Zaggle is ZAGGLE on NSE.
What is Zaggle's valuation?
The valuation of Zaggle is $207.25M as of Aug 2023.
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