Zaggle Prepaid Ocean Services plans to raise up to 60 crore rupees (US$6.7 million) via a preferential issue of warrants, the company said in a stock filing.

The Hyderabad fintech firm will issue 1.06 million warrants at 567 rupees (US$6.39) each, convertible into equity shares with a face value of Re 1.

The warrants will be allocated to promoter group RAN Ventures Pvt and non-promoter Bennett Coleman & Co. Ltd.

Shareholders will vote on the proposal at an extraordinary general meeting on October 31, 2025.

Zaggle recently acquired Bengaluru startup Rivpe Technology (Rio.Money) for 22 crore rupees (US$2.4 million) and offers corporate spend management, payment automation, and loyalty solutions.

🔗 Source: YourStory