Mumbai, India – October 3, 2025 : Zaggle, one of
India’s leading B2B SaaS FinTech innovators, today announced two landmark
developments that reinforce its growth trajectory and underscore strong
shareholder confidence.
In a significant demonstration of conviction, Zaggle’s
Promoters have infused an additional INR 20.0 Cr at a subscribed value of INR
567.0/share. This infusion reflects the Promoters’ unwavering belief in
Zaggle’s long-term vision, intrinsic value and ability to deliver sustained
growth. Importantly, this premium investment highlights their strong alignment
with shareholders, reinforcing stability, governance and a continued focus on
value creation.
Parallelly, Zaggle is pleased to announce a strategic
brand-led investment of INR 40.0 Cr from Brand Capital, the strategic
investment arm of the Times Group (BCCL), also at a price of INR 567.0/share,
structured through equity warrants.
This dual reinforcement of internal conviction and
external validation firmly positions Zaggle for its next phase of growth. The
Promoters’ infusion at INR 567/share stands as a clear testament to their belief
in the company’s intrinsic worth. They have reiterated their view that even at
this valuation, Zaggle remains significantly undervalued and expressed intent
to further increase their stake — a move that strengthens long-term shareholder
alignment and underscores their confidence in Zaggle’s future trajectory.
The Brand Capital partnership provides Zaggle with
unparalleled media strength across The Times of India, The Economic Times,
Times Internet, nationwide OOH networks, and cinema advertising, enabling the
company to scale visibility across Tier-1 and Tier-2 markets in multiple
languages.
Brand Capital has consistently partnered with some of
India’s fastest-growing enterprises, accelerating brand equity through
media-first investments that build trust, drive customer acquisition, and
establish category leadership.
Dr. Raj P Narayanam, Founder & Executive Chairman,
Zaggle, said: “The Promoters’ additional investment at INR 567/share is
the strongest testament to our belief in Zaggle’s intrinsic value and future
potential. Alongside, the strategic brand-led investment from Brand Capital
provides us with unmatched media reach, ensuring deeper brand resonance across
India. Together, these
investments bring the dual advantage of stability,
credibility and acceleration, positioning Zaggle for long-term success.”
The Zaggle Advantage lies in the dual reinforcement of
promoter-led conviction and brand-led validation. This dual milestone not only
strengthens governance and alignment but also accelerates market reach,
empowering Zaggle to continue its mission of delivering intelligent, AI-led
spend management solutions to enterprises across India.
About Zaggle
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 19 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 June 30, 2025, Zaggle has issued over 50 million
prepaid cards, serves more than 3,500 corporate enterprise clients, and
supports a user base exceeding 3.3 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.
For more information, please visit the company
website www.zaggle.in or follow us on
LinkedIn www.linkedin.com/company/zaggleapp/
