Zaggle Listed
Zaggle Prepaid Ocean Services Limited is a publicly listed Indian fintech company building SaaS-based business spend-management products — corporate prepaid and commercial credit cards, procure-to-pay, employee expense/reimbursement management, employee benefits, and channel-partner/employee rewards — sold to enterprises through platforms including Propel, Save and Zoyer. Its registered office is in Hyderabad, Telangana, and its founder has publicly described Hyderabad as the…
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. Computed on a different basis this reads 19.54, which would score 75/100. Scored on the figure shown. |
10.38 | 100/100 | BSE |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
1.71 | 75/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
9.76 | 25/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
13.16 | 50/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
98.73 | 100/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
67.95 | 100/100 | Market data |
| Revenue growth · filed Year-on-year revenue growth computed from the fiscal-year figures we filed ourselves and cited to a real disclosure, not a market data feed. |
67.90 | 100/100 | Atlas |
| Profit trend · filed Whether profit is improving, from the same filed figures. A swing from loss to profit scores highest; a swing from profit into loss scores lowest; a narrowing loss still scores better than a widening one. |
98.90 | 100/100 | Atlas |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
44.30 | 75/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Zaggle: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 3 Oct 2025 | Preferential Allotment (Warrants) | ₹59.99 Cr | Bennett Coleman RAN Ventures Private Limited | source |
| 23 Dec 2024 | QIP | ₹594.84 Cr | Bank of India ELSS Tax Saver ICICI Prudential Technology Fund Nivama Enhanced Dynamic Growth Equity Societe Generale | source |
| 13 Sep 2023 | IPO | ₹253.52 Cr (anchor tranche) | Ashish Kacholia East Spring Goldman Sachs (Singapore) ICICI Prudential Technology Fund IIFL Kotak Equity Opportunities Fund LIC MF MK Ventures Morgan Stanley Asia (Singapore) Neuberger Berman Emerging Equity Fund Societe Generale | source |
| 11 Aug 2023 | Pre-IPO | ₹98 Cr | Acintyo Investment Fund PCC – Cell 1 Value Quest SCALE Fund Vikasa India EIF I Fund | source |
| 10 Mar 2023 | Debt | ₹50 Cr | Vivriti Asset Management | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 30 Mar 2026 | Zaggle | Rivpe Technology | ₹22 Cr | source |
| 5 Dec 2025 | Zaggle | Greenedge Enterprises | ₹25 Cr | source |
| 26 Sep 2024 | Zaggle | Span Across IT Solutions (TaxSpanner) | ₹32.07 Cr | source |
Recent Signals
-
20 Jul 2026 · sector-trend
Featured in Inc42's Indian Soonicorn Tracker at an estimated $593M valuation, "High" unicorn probability source -
8 May 2026 · ma-strategic
Zaggle restructures DICE Enterprises deal into a ~₹68 Cr asset-and-IP purchase (not a full acquisition; pending as of the source) source -
26 Mar 2025 · ma-strategic
Zaggle builds a 38.34% strategic stake in Mobileware Technologies (rebranded "86400") across two tranches source
News on Zaggle
-
20 Aug 2026
Zaggle Shares Jump 12% After Kedia Buys Stake -
17 Aug 2026
Zaggle Shares Crash 20% After Q1 Results -
14 Aug 2026
Zaggle Q1 Profit Falls 33% Despite Revenue Gain -
22 Jul 2026
Zaggle To Acquire 20% Stake In Unobanc
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on Zaggle
Who founded Zaggle?
Zaggle was founded by Raj P Narayanam, Avinash Godkhindi in 2011.
How much funding has Zaggle raised?
Zaggle has raised $125.79 Mn across 5 tracked funding round(s), most recently on 2025-10-03. Figures are compiled from cited public sources.
Who are the investors in Zaggle?
Investors in Zaggle include Bennett Coleman, RAN Ventures Private Limited, Bank of India ELSS Tax Saver, ICICI Prudential Technology Fund, Nivama Enhanced Dynamic Growth Equity, Societe Generale, Ashish Kacholia, East Spring.
What does Zaggle do?
Zaggle Prepaid Ocean Services Limited is a publicly listed Indian fintech company building SaaS-based business spend-management products — corporate prepaid and commercial credit cards, procure-to-pay, employee expense/reimbursement management, employee benefits, and channel-partner/employee rewards — sold to enterprises through platforms including Propel, Save and Zoyer. Its…
Where is Zaggle headquartered?
Zaggle is headquartered in Hyderabad, Telangana, India.
What is Zaggle's business model?
Zaggle's core value proposition centers on Diversified, integrated FinTech spend-management suite, Automates and digitizes business spend workflows, No-code procure-to-pay workflows, Digitized channel-partner rewards and incentives.
How does Zaggle make money?
Zaggle's cited revenue streams include SaaS software revenue, Prepaid card issuance at scale.