B2B SaaS fintech co Zaggle raises Rs.50-Cr from Vivitri Asset Management

Vivitri Asset Management has invested INR 50 crore in Mumbai-based Software-as-a-Service (SaaS) fintech firm Zaggle's first debenture issue, which will amortise over the next 40 months. The interest payout will be quarterly. Zaggle was founded by serial entrepreneur Raj N in 2011 and provides expense management systems and employee rewards and recognition services. The company operates in three verticals: digital payments, cashback, and analytics and claims to serve startups, SMEs, and corporates. Vivitri is a credit-focused asset manager that provides debt to mid-sized companies.