Zaggle Prepaid Ocean Services Limited has announced a significant shift in its deal structure regarding the acquisition of Dice Enterprises Private Limited. During a board meeting on May 8, 2026, the company decided to transition from a full shareholding acquisition to an asset purchase agreement. Under this new arrangement, Zaggle will acquire core assets from Dice, including software, databases, contracts, intellectual property, and domain names within the spend management sector. The total consideration for this strategic move is approximately Rs. 67.9 Crores plus applicable taxes, with the transaction expected to be completed within 120 days.

The modification to the deal structure allows Zaggle to directly integrate specialized Spend Management assets into its existing ecosystem without the complexities of a full entity merger. Dice Enterprises, incorporated in January 2018, operates as a spend management platform focusing on travel, expense, and accounts payable management. The target entity reported a turnover of Rs. 10.85 Crores for the financial year 2024-25, showing steady growth from Rs. 6.32 Crores in the previous year. Zaggle intends to leverage these assets to expand its AI-enabled product offerings and gain access to a larger base of existing customers in both domestic and global markets.

Zaggle Prepaid Ocean Services Limited is a prominent player in the fintech and SaaS sectors, providing a unified platform for expense management, employee benefits, and corporate rewards. In May 2026, the company further strengthened its enterprise portfolio by signing a three-year agreement with The Supreme Industries Limited to deploy its Propel rewards and recognition platform. Additionally, in early 2026, Zaggle expanded its technological capabilities by acquiring Greenedge Limited and investing in Rivpe Technology Private Limited. The company continues to experience rapid adoption of its digital solutions, currently serving approximately 3,700 corporate customers with over 3.5 million platform users as of late 2025.

For the quarter ended March 2025, Zaggle reported a robust financial performance with total operating revenues reaching Rs. 1,302.65 Crores. This represents a significant increase compared to the previous financial year’s performance, reflecting a nearly 100% year-on-year growth in annual net profit, which stood at Rs. 87 Crores for FY2024-25. The company’s EBITDA margin remained stable at approximately 10.53%, driven by scaling operations and AI-driven efficiencies. Notable institutional investors and “famous” market participants have shown interest in the company, with Ashish Kacholia holding a 2.24% stake (3,003,356 shares) as of March 2025. Other major institutional holders during the 2025 period included ICICI Prudential Flexicap Fund and the Bank of India Multi Asset Allocation Fund.