M&A

M&A

Fintech co. Zaggle to acquire golf-centric rewards platform Greenedge for Rs.25-Cr

Inc42  

Mumbai-based fintech SaaS company Zaggle is to acquire Hyderabad-based Greenedge Enterprises, a solution provider for golf travel, experiences and access-based rewards.The deal would see Zaggle buy out 1.3 Lakh equity shares from Greenedge’s existing shareholders for INR 25 crore. Further, the SaaS company would invest INR 25 crore in the startup.Zaggle would look to strengthen its product offerings in the loyalty and rewards segment and the travel segment, giving a boost to its employee rewards platform “Propel”.Greenedge recorded a turnover of INR 19.8 Cr in FY24, up 45% from INR 13.7 Cr in the previous fiscal year.