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Zaggle Eyes Three Acquisitions by Mar '26 to Fuel Growth
Mint Chennai
|January 03, 2025
Zaggle Prepaid Ocean Services Ltd has zeroed in on three acquisition targets, a top executive told VCCircle, as the software-as-a-service fintech company looks to accelerate business growth after going public in late 2023.
The Mumbai-listed firm is looking to make acquisitions in segments such as merchant card software, FASTag, and accounts receivable, said Raj P. Narayanam, founder and executive chairman.
Narayanam said the company initially shortlisted five potential targets but has now narrowed down on three firms. "Of these, due diligence has been done in two cases. The other is at the transaction stage where terms and conditions are being discussed," he said, without divulging the names of the target firms.
Zaggle is banking on these acquisitions to fuel overall growth and expects to close these deals by March 2026, Narayanam said.
This story is from the January 03, 2025 edition of Mint Chennai.
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