Zaggle Prepaid Ocean Services Ltd has announced plans to acquire shares in Rivpe for up to Rs 220 million and invest an additional Rs 750 million. The move strengthens Zaggle’s strategic presence in fintech and digital payments, aligning with its growth ambitions in India’s evolving financial technology ecosystem.
Zaggle Prepaid Ocean Services Ltd, a leading player in spend management and prepaid solutions, has unveiled a significant investment initiative in Rivpe. The company confirmed it will purchase shares worth Rs 220 million while committing up to Rs 750 million in further investments. This strategic move highlights Zaggle’s intent to expand its footprint in fintech and enhance its digital payments portfolio.
Key highlights from the announcement include
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Zaggle to acquire shares in Rivpe valued at Rs 220 million.
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The company will invest up to Rs 750 million in Rivpe to support growth and innovation.
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The investment strengthens Zaggle’s position in India’s fintech sector, particularly in prepaid and spend management solutions.
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Rivpe is expected to benefit from Zaggle’s expertise and resources, accelerating its expansion in digital payments.
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The move aligns with Zaggle’s broader strategy of leveraging partnerships to drive sustainable growth.
This investment underscores the growing consolidation and collaboration within India’s fintech ecosystem. By backing Rivpe, Zaggle aims to capture new opportunities in digital finance, positioning itself as a key enabler of innovation in the sector.
Sources: Reuters, Economic Times, Business Standard