Zaggle Prepaid Ocean Services Limited has formally executed an amendment to its existing Customer Service Agreement with Honasa Consumer Limited. This amendment, signed on May 8, 2026, builds upon the foundational partnership established between the two entities on February 24, 2025. The update was filed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The core of this amendment involves Zaggle providing additional features through its proprietary Zaggle Zoyer Platform to Honasa Consumer Limited. The Zoyer Platform is a specialized digital tool designed for managing spend management, loyalty programs, and co-branded offers. By integrating these new features, Zaggle aims to deepen its B2B relationship with Honasa, a major player in the consumer goods and personal care sector.

Zaggle Prepaid Ocean Services operates primarily in the fintech space, focusing on prepaid instruments, employee benefits, and AI-enabled spend management. In May 2026, the company announced a significant strategic shift by opting to acquire specific assets of Dice, a spend management platform, for approximately ₹67.9 Crores in an all-cash deal rather than a full shareholding purchase. Other recent updates include the re-appointment of Avinash Ramesh Godkhindi as Managing Director and CEO for a two-year term starting May 7, 2026.

For the quarter ending December 31, 2025, Zaggle reported a robust financial performance with revenue from operations reaching ₹290 Crores, marking a significant growth trajectory compared to the previous fiscal year. The company’s net profit for the same period stood at approximately ₹28 Crores, supported by margin expansion and increased adoption of its SaaS platforms. Notable institutional and famous investors in the company include Quadigo Ventures LLP, which holds a 3.92% stake, alongside significant promoter holdings by Raj P. Narayanam and Avinash Ramesh Godkhindi.