Zaggle Teams Up With Google To Boost Business Operations

Zaggle Shares Slip 4% After INR 2.6 Cr GST Penalty

SUMMARY

On the business optimisation front, organisations can optimise cash flow with predictable lease payments and benefit from tax advantages through structured leasing models

Businesses will also have a single-vendor solution for device procurement and lifecycle management

Employees can access Google Pixel devices at lower costs, bundled with ADLD (Accidental Damage and Liquid Damage) and theft coverage

SaaS fintech major Zaggle has partnered with Google through its Indian distributor, Redington (India) Limited, to introduce a programme which aims to boost business efficiency while providing employees access to premium technology through structured leasing options.

This programme, Smart Employee Purchase (EPP+), will integrate with Zaggle’s employee benefits plan, helping businesses manage expenses and improve employee engagement.

On the business optimisation front, organisations can optimise cash flow with predictable lease payments and benefit from tax advantages through structured leasing models. Besides this, enterprise-grade security, regular updates, and full lifecycle management will help mitigate risks.

Businesses will also have a single-vendor solution for device procurement and lifecycle management.

On the employee benefit front, the employees can access Google Pixel devices at lower costs, bundled with ADLD (Accidental Damage and Liquid Damage) and theft coverage. Employees in higher tax brackets may save up to 35% compared to market prices.

The programme claims to reduce the total cost of ownership and offer tax benefits through salary packaging, offering better financial planning.

Zaggle’s managing director and CEO, Godkhindi said, “ With the Smart Employee Purchase (EPP+) programme, we are offering businesses a comprehensive device management solution that blends cost-efficiency, security, and seamless administration. This program empowers organizations to invest in their workforce, driving engagement and satisfaction, while ensuring they are future-ready.”

Founded in 2011 by Raj Narayanam, Zaggle currently provides expenses, payments, and corporate employee benefits solutions to enterprises. It offers a range of SaaS products, such as Zaggle Save for managing expenses and rewards, Zaggle EMS for expense management, and Zaggle Propel for employee rewards and incentives.

At the end of Q3 FY25, the company claimed to have over 3,300 customers, including HT Media, Zomato’s Blinkit, BigBasket, Mumbai Metro One, among others.

Zaggle’s shares were down 4.26%, trading at INR 331.15 as of 10:50 AM on February 18. The stock hit an intraday low of INR 328.65 during early trading hours.

This comes a few days after Zaggle’s promoters and promoter group increased their stake in the fintech SaaS company by acquiring 25,000 shares from the open market.

Recently, the SaaS major received its board approval to acquire an additional 16.67% stake in digital payments service provider Mobileware Technologies Private Limited in an all-cash deal.

Zaggle also reported a stellar financial performance in its third quarter (Q3) results for the financial year 2024-25 (FY25). Its consolidated profit for the quarter under consideration rose 30% year-on-year (YoY) to INR 19.74 Cr. Similarly, revenue from operations surged 69% YoY to INR 336.89 Cr in Q3 FY25.