Zaggle Surge Price 9% After Partnering With Grant Thornton for Spend Management Expansion

Zaggle Prepaid Ocean Services share price saw a strong rise of 9.2% on Thursday, reaching an intraday high of ₹355 per share on the BSE. The rally came after the company announced that it had entered into a significant agreement with Grant Thornton Bharat LLP.

Stock Performance and Market Overview

At 11:45 AM, Zaggle shares were trading 7.46% higher at ₹349.10 per share on the BSE. In comparison, the benchmark BSE Sensex was nearly flat, up just 0.05% at 80,789.18.
Zaggle’s total market capitalisation at that time stood at ₹4,685.1 crore.

Over the past year, Zaggle’s stock has gained 11%, slightly outperforming the Sensex, which has risen 10% during the same period. The stock’s 52-week high was ₹597, reached on December 17, 2024, and the 52-week low was ₹235 per share.

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Details of the Agreement With Grant Thornton Bharat

The company informed the stock exchanges that it had signed an agreement with Grant Thornton Bharat LLP. This partnership will be carried out over the next 3 years. As per the agreement, Grant Thornton will offer Zaggle’s Spend Management platform to its corporate clients and large enterprises.

The Spend Management platform is designed to help companies better manage their expenses and streamline financial operations. This collaboration is expected to increase the adoption of Zaggle’s software solutions in the enterprise segment and strengthen its position in the market.

About Zaggle Prepaid Ocean Services

Zaggle was established in 2011 and operates as a leading FinTech company in India. It offers a wide range of financial technology products and services and is well-known in the area of spend management.

The company has issued over 50 million prepaid cards in partnership with leading banks and currently serves a large user base of more than 3 million people.

Zaggle’s portfolio includes a variety of SaaS-based platforms, offering solutions for expense management, digital payments, and rewards. These products are designed to meet the needs of both enterprises and individual users across multiple touchpoints.

Conclusion

Zaggle’s new partnership with Grant Thornton Bharat marks a strategic move to boost the reach of its Spend Management platform across India’s corporate landscape. With a solid market presence and a diverse fintech portfolio, Zaggle is well-positioned to capitalise on growing demand for digital expense and payment solutions in the enterprise sector. Investors responded positively, indicating confidence in the company’s growth trajectory through strategic collaborations.

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