Zaggle to Acquire Rivpe Technology (Rio.Money) for ₹22 Crore
The acquisition is of a relatively small company (₹0.13 crore turnover) but could provide strategic advantages in the UPI and consumer credit card markets.
The acquisition is likely to expand Zaggle's product offerings and market presence.
* Zaggle Prepaid Ocean Services Limited will acquire 100% equity shares and voting rights in Rivpe Technology Private Limited (Rio.Money) for ₹22 crore. * A non-binding term sheet was executed on July 29, 2025. * Rio.Money's turnover for FY24 was ₹0.13 crore. * The acquisition will expand Zaggle's product offerings, add expertise in UPI, and facilitate entry into the consumer credit card market. * The acquisition is expected to be completed within 60 days, with a possible 30-day extension. * Rio.Money, incorporated on July 13, 2023, offers UPI payments and co-branded consumer credit cards and is present only in India. * The acquisition does not fall under related party transactions.
What to do with a filing like this
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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.