Zaggle Prepaid Ocean - Differentiated Business Model; Growth Outlook Strong: Nirmal Bang

Nirmal Bang Report

We hosted Mr. Avinash Godkhindi, CEO, Zaggle Prepaid Ocean Services Ltd. as part of our Investor Conference. Key takeaways from the meeting are: 

• Zaggle is a leading player in spend management with a differentiated value proposition and a diversified user base (2.7 million+ users as of FY24).

• The company offers an ecosystem-based approach across SaaS and Fintech with low customer acquisition/retention costs in the B2B segment. It is focusing on cross-sell/up-sell efforts to introduce new products and use cases.

• It is looking to double revenue over the next two years (45-55% growth in FY25) by expanding market share and continuing to add new banca patners/ merchants and customers.

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