Latest news with #ZagglePrepaidOceanServices
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Business Standard
5 days ago
- Business
- Business Standard
Q2 2025 sees sharp drop in M&A and IPO activity, But PE remains resilient
India's corporate dealmaking momentum slowed significantly in Q2 2025, as geopolitical volatility and policy uncertainty created a risk-averse environment for both domestic and foreign investors. According to Grant Thornton Bharat, India Inc recorded 582 transactions (including IPOs and QIPs) valued at USD 17 billion, a sharp 48% decline in deal value from the previous quarter. Excluding public market activity, deal volume stood at 554 transactions worth USD 12.8 billion, reflecting a 13% QoQ drop in volume, even as year-on-year volumes rose 23% compared to Q2 2024—a sign of underlying resilience. 'The second quarter of 2025 was marked by a cautious investment environment influenced by global uncertainties,' said Shanthi Vijetha, Partner – Growth at Grant Thornton Bharat. 'However, the emergence of new unicorns and a late-quarter recovery in public markets offer optimism going forward.' The Mergers & Acquisitions (M&A) segment witnessed a steep fall, with just 197 deals worth USD 5.4 billion—the lowest quarterly M&A value since Q2 2023. The absence of billion-dollar domestic deals was a key reason, with total domestic deal value plummeting by 81% QoQ. The only billion-dollar M&A this quarter was Sumitomo Mitsui Banking Corporation's USD 1.57 billion stake in YES Bank, which accounted for a large share of total deal value. Zaggle Prepaid Ocean Services made headlines with a bold domestic acquisition spree across IT, banking, and media, reflecting a differentiated consolidation strategy amid overall softness. Outbound deals dropped 25% in volume and 74% in value Inbound deals, however, held steady, signaling selective confidence from foreign investors in Indian assets One standout domestic player, Zaggle Prepaid Ocean Services, made a string of acquisitions across IT, banking, and media, bucking the cautious trend with a bold consolidation strategy. Private Equity Holds Firm Despite Value Drop Private Equity (PE) deals continued to demonstrate resilience, with 357 transactions totalling USD 7.4 billion—the second-highest quarterly volume since Q4 2022. However, values dipped due to fewer mega-deals compared to Q1. 18 PE deals were above USD 100 million, totalling USD 4.6 billion, down from 21 deals worth USD 6.1 billion last quarter The largest PE deal was Warburg Pincus and ADIA's USD 862 million investment in IDFC FIRST Bank Investor appetite remained strong in niche consumer and tech segments: Mythik Entertainment raised USD 15 million, marking a notable play in media-tech Citykart Retail secured USD 68 million in Series B funding, showing continued faith in value retail Public Markets Cautiously Reopen IPOs and QIPs remained subdued but stable: 12 IPOs raised USD 1.9 billion, down 25% in volume and 26% in value QoQ June offered hope, with listings from Leela Hotels (USD 407M), Ather Energy (USD 343M), and Aegis Vopak Terminals (USD 326M) pushing monthly totals to their second-highest in 2025 Qualified Institutional Placements (QIPs) held ground, with 16 issuances worth USD 2.2 billion, led by the banking sector which raised USD 1.1 billion across six deals Sectoral Trends: Banking Shines, Retail and IT Slide Retail & Consumer led in volume (21% of total activity) but deal values fell 78% Banking and Financial Services dominated in value—USD 4.5 billion across 73 deals, the highest since Q3 2022 Infrastructure followed, with USD 1.2 billion from 10 deals, driven by large PE bets in roads and urban development IT & ITeS posted 58 deals, but saw a 35% drop in volume and 57% dip in value Manufacturing hit a record high in deal volume, aided by policy support, even as values dipped 24% Despite the Q2 slump, analysts remain cautiously optimistic for the second half of 2025, as geopolitical pressures (Iran-Israel, Russia-Ukraine, US policy uncertainty) are expected to ease and India's macroeconomic fundamentals continue to attract long-term capital. 'Strong domestic consumption, policy momentum, and digital transformation are long-term positives. Once global volatility abates, we expect a solid rebound in deal activity,' Vijetha added.
Business Standard
04-07-2025
- Business
- Business Standard
Zaggle signs 3-year agreement with Apollo Health and subsidiaries
Zaggle Prepaid Ocean Services (Zaggle) has entered into a three-year agreement with Apollo Health and Lifestyle and its subsidiaries. Under this agreement, Zaggle will provide its Zaggle Zoyer and Zaggle Save platformsfocused on employee expense management and benefitsto Apollo Health and Lifestyle and its subsidiaries. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. The companys consolidated net profit jumped 62.5% to Rs 31.14 crore on a 50.8% increase in net sales to Rs 412.11 crore in Q4 FY25 over Q4 FY24. The counter rose 0.38% to Rs 421.15 on the BSE.
Business Standard
02-07-2025
- Business
- Business Standard
Zaggle Prepaid Ocean inks five-year agreement with DTDC Express
Zaggle Prepaid Ocean Services has announced that it has sign an agreement with DTDC Express to provide its employee expense management and benefits solutions, namely Zaggle Zoyer and Zaggle Save. According to an exchange filing, the company stated that the agreement will span five years, during which Zaggle will support DTDC Express with its employee expense management solutions. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. The companys consolidated net profit jumped 62.5% to Rs 31.14 crore on a 50.8% increase in net sales to Rs 412.11 crore in Q4 FY25 over Q4 FY24. The counter rose 0.91% to Rs 417.10 on the BSE.
Business Upturn
02-07-2025
- Business
- Business Upturn
Zaggle Prepaid shares jump 3% after company signs 5-year agreement with DTDC
By Aman Shukla Published on July 2, 2025, 09:21 IST Zaggle Prepaid Ocean Services shares jumped 3% in morning trade after the company announced a new five-year agreement with DTDC Express Limited. As of 9:20 AM, the shares were trading 3.26% higher at Rs 426.55. As part of the deal, Zaggle will provide two of its flagship fintech products—Zaggle Zoyer and Zaggle Save—to DTDC. These solutions are aimed at improving employee expense management and benefits, helping DTDC streamline operations and enhance employee satisfaction. While the financial value of the contract hasn't been disclosed, the partnership is considered a notable domestic win for Zaggle. The company will be responsible for implementing and managing these digital tools throughout the duration of the agreement. The deal does not involve any promoters or related parties and follows standard business norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
06-06-2025
- Business
- Business Standard
Zaggle Prepaid to acquire 100% stake in Greenedge Enterprises
Zaggle Prepaid Ocean Services said that it has agreed to acquire 100% stake in Greenedge Enterprises for total consideration of Rs 27 crore. Greenedge Enterprises operates as a solution provider for golf travel, experiences, and access-based rewards. Its turnover was Rs 19.82 crore in FY24. The acquisition will strengthen Zaggles product offerings in loyalty and rewards segment and travel segment giving a boost to its Propel platform. The acquisition is expected to be completed within 90 days. The mode of acquisition (cash consideration / shares swap) will be determined by the board at a later stage. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest number of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach. The companys consolidated net profit jumped 62.5% to Rs 31.14 crore on 50.8% increase in net sales to Rs 412.11 crore in Q4 FY25 over Q FY24. The counter shed 0.69% to end at Rs 440.05 on the BSE.
