Results · Financial Services

Zaggle revenue grows 26x to INR 1300 Cr by 2025

By Startup Enthusiast · 10 February 2026

What they do

Zaggle provides B2B fintech SaaS for corporate spending and vendor payouts

The company reported revenue growth from INR 50 Cr in 2021 to INR 1300 Cr in 2025

Zaggle aims for $1 billion revenue in five years using agentic AI integration

Zaggle is a public company that listed on the stock exchange in September 2023.
The firm achieved significant financial growth with revenue increasing from INR 50 Cr to INR 1300 Cr between 2021 and 2025.
This represents a 26-fold increase in revenue over the four-year period.
The company plans to reach $1 billion in revenue within the next five to seven years.
Zaggle intends to integrate agentic AI to improve decision-making and risk identification processes.

External events like demonetisation in 2016-2017 and GST implementation in 2017 drove market adoption.
The Covid-19 pandemic in 2020 further accelerated the shift towards digital spend management solutions.
These factors helped solve problems like manual approvals and disconnected banking tools for enterprises.

Zaggle evolved from employee rewards to become an enterprise spend management platform.
It offers B2B2C fintech services including spend management and vendor payouts.
The company manages benefits administration and partners with VISA for co-branded RAN cards.
Zaggle launched Zoyer in 2022 for B2B payments targeting SMEs with real-time transfers.
The platform handles accounts payable workflows and utilizes card rails for transactions.
Acquisitions include Rio.Money, Dice, GreenEdge, Effiasoft, and TaxSpanner to expand capabilities.
The client base grew from approximately 421 enterprises in 2021 to 3600 in 2025.
GMV increased from INR 4 Cr in year one to INR 29 Cr in year four.
Zaggle purchased a 38.34% stake in Mobileware Technologies as part of its business strategy.

Zaggle targets $1 billion revenue in the next five to seven years.
The company will integrate agentic AI for outcome optimization and risk identification.