Zaggle reports strong FY25 performance, eyes global expansion

Zaggle Prepaid Ocean Services reported a strong financial year for 2024-25, with revenue from operations increasing by 68.10% year-on-year to ₹13,037.57 Mn. Net profit nearly doubled, reaching ₹878.98 Mn, and adjusted EBITDA grew by 44.16% to ₹1,233.53 Mn, maintaining a healthy margin of 9.46%. The company's customer base expanded to 3,455 active corporate clients and 3.28 million users.

A significant highlight for FY25 was a qualified institutional placement (QIP) that raised ₹5,948.41 Mn. This funding facilitated strategic acquisitions and inorganic growth, strengthening Zaggle's capabilities and expanding its market reach. The company also announced a strategic partnership with HDFC Bank, India’s largest private sector bank, aiming to integrate HDFC credit cards with Zaggle's software solutions.

Zaggle is actively pursuing global expansion, targeting markets like the United States and the Middle East, with a focus on AI-powered financial workflows. These initiatives are expected to accelerate growth and enhance the company's position as a leader in spend management.