Zaggle to Acquire Dice Enterprises Assets for ₹67.9 Cr, Enhancing Spend Management Offerings
Zaggle Prepaid Ocean Services Limited will acquire assets from Dice Enterprises Private Limited for approximately ₹67.9 Crores plus taxes. The transaction includes software, databases, intellectual property, and contracts in the spend management space. Dice reported a turnover of ₹10.85 Crores in FY25. The deal aims to enhance Zaggle's AI-enabled offerings and expand market reach.
The acquisition involves a significant consideration of ₹67.9 Crores and is strategic in nature, aiming to bolster the company's product portfolio and market presence. This is likely to have a noticeable impact on the company's business operations and growth trajectory.
The acquisition of assets from Dice Enterprises is expected to enhance Zaggle's product offerings, expand its customer base, and open up new market opportunities, which is a positive development for the company.
Zaggle Prepaid Ocean Services Limited announced a significant update regarding its proposed acquisition of Dice Enterprises Private Limited. In a board meeting held on May 8, 2026, the company approved a modification to the deal structure. Instead of acquiring the entire shareholding of Dice, Zaggle will now purchase specific assets. These assets include software, databases, codebase, contracts, intellectual property, and domain names within the spend management space.
The consideration for this asset purchase is approximately ₹67.9 Crores plus applicable taxes. This transaction is subject to the fulfillment of closing actions outlined in the Asset Purchase Agreement and Asset Purchase Agreement - Contracts.
Dice Enterprises Private Limited reported a turnover of ₹10.85 Crores for the Financial Year 2024-25. The company was incorporated on January 12, 2018, and operates solely within India. Its business involves providing spend management solutions, including travel & expense management, accounts payable management, and procurement management.
Zaggle anticipates that this acquisition will expand its AI-enabled product offerings, grant access to a larger customer base, and open up opportunities for global solutions. The transaction is expected to be completed within 120 days from the board's approval, subject to closing actions.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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