FinTech company Zaggle Bags 85 new contracts in Q1 of FY22 touching INR 450 Crores GMV


Leading FinTech Company Zaggle has announced today that they have successfully bagged 85 new contracts in the first quarter of FY2021-2022. The company has been on a winning spree and has touched a GMV of INR 450 crores between April-June 2021.

AT&T, Mitsubishi Electric Corp, Philips Carbon, UpGrad, RXIL, Perelli, Liberty Steel, Motilal Oswal and Nuvoco Vista are some of the top clients that the company has bagged in this quarter. Zaggle has been seeing a stellar performance and has witnessed a 30% growth in the existing quarter as compared to the erstwhile quarter. Since its inception, Zaggle has been helping corporate and SMEs to digitize their spends and expenses with the help of their bespoke products viz, Expense Management Platform and Rewards and Recognition Platform. Along with that, the pre-paid card business has also been successful for a lot of SME’s.

Commenting on the big win, Mr. Raj N. Founder and Chairman of Zaggle and ZikZuk said, “At Zaggle our main objective is to alleviate the intricacies of expense management that companies face. We are glad we have been successful in helping so many companies to ease their expense management and this has truly augmented the growth of our company each passing year. Our remarkable performance in the existing quarter has bolstered our confidence immensely and we are assertive that our clientele will see a massive boom in the years to come.”

Mr. Avinash Godkhindi, CEO and MD of Zaggle, said, “This quarter has been a huge win for us. We have already surpassed 30% growth and it is definitely going to invigorate the further success of the company in the present fiscal year. We are glad to know that we are being able to help so many companies go digital with our SaaS-based Platforms. It is our firm belief that Zaggle will keep evolving and entirely digitize the expense management systems of numerous firms.”

Acknowledging the top-notch services of Zaggle, Jatinder Anand, Senior Manager-Planning and Accounts Executive of Mitsubishi Electric Corporation, said, “We are delighted to be associated with Zaggle Prepaid Ocean Service Pvt. Ltd. Our employees are very satisfied with Zaggle’s Prepaid Card Solution. Zaggle meal cards are widely accepted and are well supported by their efficient technical platform which gives delight as well as tax benefits to our esteemed employees.”

Marketing & Sales Support Team of Pirelli Tyre (Suisse) SA, Shubham Thakur stated, “Zaggle follows incredible work standards and determination to serve their clients with their top notch services. We primarily associated with Zaggle to assist us with our dealer incentives program and customer e-warranty registration portal. The company’s service team was quite proactive and deployed the projects right on time while maintaining supreme quality in both their products and services.”

Commenting on their long term association with Zaggle, Sib Sagar Shaw Administration Team of PCBL, said “Looking at Zaggle’s product innovations, we decided to migrate from our existing meal card services to the ones offered by Zaggle and there was no looking back after that. The smooth association and ease of business with the company has been very fruitful and we wish to do long-term business with them in the coming years.”

Recognizing the difference in handling the cash flow and spends after using these products, many corporate biggies have set a foot forward to utilize the services of Zaggle for a more hassle free management of their expenses. Through their seamless services and products, these new corporate giants that Zaggle has added to their list will be able to facilitate smooth employee reimbursements, offer the perks of employee tax benefits, incentives and rewards.

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