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Zaggle buys 51% stake in Hyderabad-based billing software company EffiaSoft

  • Zaggle is set to acquire a 51% stake in billing software company EffiaSoft for Rs 41.31 crore.
  • Zaggle will buy a 45.33% stake for Rs 36.72 crore in cash from shareholders and founders of EffiaSoft.
  • The remaining 5.67% stake will be acquired for Rs 4.59 crore, with the payment method to be announced later.
  • This strategic acquisition will allow Zaggle to enhance its fintech ecosystem and drive digital transformation.

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