Fintech SaaS company Zaggle Datalabs has approved raising Rs 59.99 crore through the preferential allotment of 10.58 lakh warrants at Rs 567 apiece, the company said in a stock exchange filing, as per media reports. The allotment will be made to promoter group entity Ran Ventures and Bennett Coleman and Company (Times Group).
The company did not disclose the deployment plan for the fresh funds. However, Zaggle has been on an aggressive acquisition drive. Recently, it announced the acquisition of golf-centric rewards platform Greenedge for Rs 25 crore and in June, it acquired enterprise spend management startup Dice Enterprises for Rs 123 crore. Zaggle has also signed deals to acquire UPI payments startup Rio.Money and increase stakes in Effiasoft and Mobileware Technologies.
Meanwhile, Zaggle said it will extend a Rs 15 crore loan to Dice Enterprises for working capital requirements, repayable within 12 months at 12 per cent annual interest.
Backed by its December QIP of Rs 595 crore, the company is targeting Rs 2,000 crore gross revenue and Rs 200 crore net profit in FY26. For Q1 FY26, Zaggle reported a 56 per cent YoY surge in consolidated net profit at Rs 26.1 crore, with revenue up 32 per cent to Rs 252.2 crore. |
