Zaggle Eyes Three Acquisitions by Mar '26 to Fuel Growth

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.

- Ajay Ramanathan

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.