Zaggle Prepaid Ocean Services Ltd, a fintech company that provides spend management solutions, has announced plans to raise INR 60 crore through a preferential share issue. The funds will come from the Times Group and a promoter group entity, strengthening the company’s balance sheet and growth strategy.
The move highlights Zaggle’s focus on scaling its technology-driven fintech offerings, including expense management, employee benefits, and rewards platforms.
According to the company, this capital raise will also help in expanding customer acquisition, boosting digital adoption, and creating long-term shareholder value.
Summary Table
| Detail | Information |
|---|---|
| Company | Zaggle Prepaid Ocean Services Ltd |
| Amount To Be Raised | INR 60 crore |
| Investors | Times Group & Promoter Group Entity |
| Method | Preferential Share Issue |
| Purpose | Growth, customer acquisition, digital adoption |
| Sector | Fintech – Spend Management & Rewards |
