<ul><li>Zaggle Prepaid Ocean Services, a fintech startup, has raised ₹595 crore through a qualified institutional placement.</li><li>Bank of India purchased the largest share, buying 16.8% of the shares, followed by Societe Generale with a 9.2% stake.</li><li>Zaggle plans to use the funds for strategic growth through mergers and acquisitions in the SaaS fintech space.</li><li>In Q2 FY25, Zaggle achieved record year-over-year growth in revenue, with a 64.21% increase, and net profit after tax surged by 167.67%.</li></ul>

Fintech Startup Zaggle Raises Rs 595 Cr At 5% Discount

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