Introduction:
A leading player in SaaS, payment, and card solutions has secured a strategic partnership with Strada India Pvt. Ltd. This collaboration will allow the company to offer its services to Strada’s corporate customers, promising expanded reach and significant growth opportunities in the market.
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Share price movement of Zaggle Prepaid Ocean Services Limited:
On November 19, 2024, Zaggle Prepaid Ocean Services Ltd (NSE: ZAGGLE) opened at ₹445.80 and reached an intraday high of ₹462.00. The stock closed at ₹439.25, reflecting a 0.89% decline. The market capitalization stands at ₹5,385.50 crore.
Zaggle partners with Strada India:
Zaggle Prepaid Ocean Services Limited has entered into a significant agreement with Strada India Pvt. Ltd., marking a strategic partnership to enhance its product offerings. Zaggle will provide its SaaS platform, Payment, and Card products to corporate customers of Strada.
The agreement, a Supplier Framework Agreement, allows Zaggle to supply its range of services to Strada’s corporate clientele. This partnership is expected to expand Zaggle’s reach and strengthen its position in the SaaS and payment solutions market.
The agreement is valid for an indefinite period, with the term beginning on the effective date and continuing until either party decides to terminate. This collaboration promises growth opportunities for both companies.
Recent news on Zaggle Prepaid Ocean Services Limited:
In November, Zaggle Prepaid Ocean Services announced a three-fold rise in profit for Q2 FY24. The company plans to raise ₹950 crore to support strategic M&A initiatives in the SaaS fintech sector.
Ace investor holding in Zaggle Prepaid Ocean Services Limited:
Ashish Kacholia
Ashish Kacholia holds a 2.4% stake in Zaggle Prepaid Ocean Services Limited, with 2,903,356 shares valued at ₹128.1 crore. This significant holding reflects his confidence in the company’s growth potential and market position.
Stock performance of Zaggle Prepaid Ocean Services Limitedfor Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Limited has shown impressive performance with a 6.62% return over the past week, a 40.1% return over six months, and an outstanding 80.2% return over the past year. These strong returns highlight its growth trajectory and solid market position.
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Shareholding pattern of Zaggle Prepaid Ocean Services Limited:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 43.90% | 43.90% | 43.90% |
| FII | 6.10% | 6.00% | 11.70% |
| DII | 10.70% | 7.30% | 6.50% |
| Public | 39.30% | 42.80% | 37.90% |
About the company Zaggle Prepaid Ocean Services Limited:
Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE) builds innovative financial solutions to manage business expenses for corporates, SMEs, and startups. With products like AI-enabled RazBot and corporate credit cards, Zaggle serves over 3,000 clients, including Tata Steel and Greenply, partnering with major banks like Kotak and Axis.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
