Zaggle to Acquire Greenedge Enterprises for up to ₹25 Crore and Invest an Additional ₹25 Crore
The company is making a significant financial commitment of up to ₹50 Crores for the acquisition and investment, which represents a substantial strategic expansion into a complementary niche market, potentially leading to increased market share and diversified revenue streams.
The acquisition and investment are aimed at strengthening Zaggle's product offerings in loyalty, rewards, and travel segments, which is a positive strategic move for growth.
Zaggle Prepaid Ocean Services Limited (ZAGGLE) announced on September 29, 2025, that its Board of Directors approved the following: * Acquisition of 1,30,000 equity shares, representing 100% of the issued and paid-up capital, of Greenedge Enterprises Private Limited (Greenedge) for a consideration of up to ₹25 Crores. * Investment of up to ₹25 Crores, in one or more tranches, in Greenedge. * The total financial outlay for this strategic move is up to ₹50 Crores. * Greenedge operates in the Loyalty Experiences and Rewards segment, with a niche focus on golf-based corporate engagement, and provides solutions for golf travel, experiences, and access-based rewards. * Greenedge reported a turnover of ₹19.82 Crores for the financial year 2023-24, compared to ₹13.67 Crores in 2022-23 and ₹7.28 Crores in 2021-22. * This acquisition is expected to strengthen Zaggle’s product offerings in the loyalty and rewards and travel segments, providing a boost to their 'Propel' offering. * The acquisition is not a related party transaction and is expected to be completed within an indicative period of 45 days.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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