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Zaggle Acquires 38% Stake In Mobileware Technologies For Rs 22.85 Crore

Summary by NDTV Profit
Spend management company Zaggle Prepaid Ocean Services has acquired a little over 38% stake in payment solutions provider Mobileware Technologies for around Rs 22.85 crore, according to a top company official. In a strategic investment, Zaggle has invested Rs 15.60 crore in Mobileware Technologies to acquire a 26% stake on a post-issue and fully diluted basis, Avinash Godkhindi, managing director and chief executive officer, Zaggle said. In addi…
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NDTV ProfitNDTV Profit

Zaggle Acquires 38% Stake In Mobileware Technologies For Rs 22.85 Crore

Spend management company Zaggle Prepaid Ocean Services has acquired a little over 38% stake in payment solutions provider Mobileware Technologies for around Rs 22.85 crore, according to a top company official. In a strategic investment, Zaggle has invested Rs 15.60 crore in Mobileware Technologies to acquire a 26% stake on a post-issue and fully diluted basis, Avinash Godkhindi, managing director and chief executive officer, Zaggle said. In addi…

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Inc42 MediaInc42 Media

Zaggle Raises Stake In Mobileware With INR 7.25 Cr Investment

Fintech SaaS company Zaggle has acquired an additional 12.34% stake in digital payments service provider Mobileware Technologies for INR 7.25 Cr. In a statement, Zaggle said it acquired 4,622 equity shares for INR 7.25 Cr from the promoters of Mobileware, representing a 12.34% stake in the company on a fully diluted basis. With this acquisition, Zaggle’s total shareholding in Mobileware has increased to 38.34%. The spend management company had a…

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Inc42 Media broke the news in on Wednesday, March 26, 2025.
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