Zaggle Prepaid Ocean Services Ltd has acquired 100% equity stake in Greenedge Enterprises Private Limited, a Hyderabad-based events and business services firm. This move bolsters Zaggle's fintech ecosystem with diversified capabilities in entertainment and operations, targeting synergies in corporate gifting and prepaid solutions.
Acquisition Breakdown
Zaggle Prepaid Ocean Services Ltd, a leading player in corporate prepaid cards and digital spend management, announced the complete acquisition of Greenedge Enterprises Pvt Ltd on December 9, 2025. Greenedge, incorporated in 2009 with operations in events, entertainment, and business services from Hyderabad, brings established revenue streams (₹1-100 Cr range) and a seasoned director team to Zaggle's fold. The deal aligns with Zaggle's expansion beyond fintech into experiential services.
Key Highlights
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Full Ownership: 100% equity purchase of Greenedge, enhancing Zaggle's portfolio diversification.
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Target Profile: Telangana-based firm with ₹13L paid-up capital, active in events/entertainment; EBITDA up 156% YoY as of FY23.
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Strategic Synergies: Integrates Greenedge's client networks into Zaggle's prepaid ecosystem for corporate events and gifting.
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Financials: No disclosed deal value; Zaggle eyes cross-selling opportunities in B2B services.
Growth Outlook
This acquisition positions Zaggle for accelerated revenue in high-margin segments amid rising corporate spend tech demand.
Sources: The Company Check, Tofler, Economic Times.