Fintech SaaS company Zaggle Datalabs will raise INR 59.99 crore through a preferential allotment of warrants, building on the INR 595 crore it raised in its maiden QIP last December.
In an exchange filing, the company stated that it will issue 10.58 lakh warrants at INR 567 each to promoter group entity RAN Ventures Pvt Ltd and non-promoter company Bennett Coleman and Company Ltd (Times Group).
Zaggle has not disclosed the specific use of the newly raised funds, but the company has been actively pursuing acquisitions. Most recently, it announced plans to acquire golf-centric rewards platform Greenedge for INR 25 crore.
In a separate move, Zaggle revealed that it has agreed to extend a loan of INR 15 crore to Dice Enterprises for working capital needs. The loan will be provided over a 12-month period at an interest rate of 12% per annum, in one or more tranches, and is repayable on demand.
Earlier in June, Zaggle acquired enterprise spend management startup Dice Enterprises for INR 123 crore, stating that the deal will strengthen its product portfolio, provide access to Dice’s customer base, and help scale operations in India and globally.
Additionally, the company has entered agreements to acquire UPI payments startup Rio.Money and increase stakes in Effiasoft and Mobileware Technologies this year.
Zaggle’s acquisition momentum was fueled by its maiden QIP completed in December, which supported its growth targets. The company aims to achieve a gross revenue of INR 2,000 crore in FY26, along with a net profit of INR 200 crore through these acquisitions.
For the first quarter of FY26, Zaggle’s consolidated net profit jumped 56% to INR 26.1 crore from INR 16.7 crore in the same period last year, while its revenue grew 32% YoY to INR 252.2 crore.
