News | Zaggle to Generate ₹55–60 Crore Revenue from Recent Acquisitions; Founder Hints at Another Major Deal

Zaggle to Generate ₹55–60 Crore Revenue from Recent Acquisitions; Founder Hints at Another Major Deal

News

12 June 2025

1 min read

UBS Forums

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Zaggle Prepaid Ocean Services is poised to generate an estimated ₹55–60 crore in incremental revenue in FY26, following its recent acquisitions of GreenEdge Enterprises and Dice. According to Founder and Executive Chairman Dr. Raj Narayanam, these strategic buyouts are part of Zaggle’s long-term plan to scale its offerings and strengthen its position in the spend management and SaaS ecosystem. GreenEdge, a travel and golf-based rewards platform, currently earns about ₹19.8 crore in annual revenue and is expected to grow significantly through Zaggle’s strong distribution network, with projections of reaching ₹100 crore over the next two years. Meanwhile, Dice, a B2B SaaS provider, is forecasted to contribute ₹20–21 crore in revenue in FY26.

The company has structured the acquisitions through a mix of cash and stock, aimed at aligning long-term interests—approximately 70% stock for Dice and 70% cash for GreenEdge. Narayanam also hinted at another large acquisition currently under legal review, which could further boost Zaggle’s growth trajectory. These developments align with the company’s broader goal of reaching ₹1,000 crore in revenue within the next 5–7 years, leveraging cross-platform synergies, tech-driven offerings, and global expansion opportunities.

Reference: ETBFSI