Zaggle

Zaggle is growing revenue, and it is extending into cross-border payments through a 19.90% stake in Unobanc (The Hindu BusinessLine, 21 Jul). Expenses rose 31% and net profit fell to ₹17.5 crore (Inc42, 14 Aug).

What it means

Zaggle's sales held but its profit did not; the repair runs through merchant and distribution fees.

Reported: Revenue +28% YoY but net profit −33% in Q1 FY27.

Next: results expected mid Nov.

Watch: Q2 FY27 results, expected mid Nov — net profit falls YoY again.

Affected: Zaggle's bank, lender and insurer partners — first in line for cost cutsDo now: expect it to ask for lower prices after that fall in net profit; tie any cut to volume.
Pine Labs — a rival short of marginDo now: test your prices where you overlap with it; its next results show whether its margin recovers.

What to watch

est. = estimated from how fast Zaggle last reported after quarter-end.

Momentum against rivals

Zaggle and the competing brands most often named beside it. Each figure links its report.
Brand	Revenue, YoY	Net profit, YoY
Q1 FY27 · Zaggle 8 points ahead of Pine Labs on revenue growth
Zaggle	+28%	−33%
Pine Labs	+20%	Not stated
Net profit not stated in Pine Labs' Q1 FY27 reports so far.

Also in the news with Zaggle

Latest moves

Our read of each move first, where we have one; what the report said is marked Reported.

Zaggle’s minority investment in Unobanc signals a push to broaden cross-border payment capabilities that could improve transaction options for business customers.Reported: Zaggle plans to acquire a 19.90% stake in Unobanc for ₹7.96 crore, a move aimed at strengthening its cross-border payments ecosystem.21 JulThe Hindu BusinessLine

All 10 stories on Zaggle

Background

From 6 stories, the newest dated 19 Aug 2026. Summary written 3 Oct 2026.

Zaggle is an Indian enterprise spend-management platform, which Inc42 describes as a fintech SaaS and payment platform. [1] source: The Hindu BusinessLine [2] source: Inc42

Show 3 more paragraphs and 6 sources

In its Q4 FY26 results it reported 3,915 corporate customers, up 13.3%. [3] source: Inc42

Zaggle reported FY26 revenue of ₹19,076 Mn, up 46.3%, and PAT of ₹1,388 Mn, up 51.8%, in May 2026. [4] source: The Hindu BusinessLine Q4 FY26 net profit was ₹40.6 Cr on revenue of ₹617.9 Cr. [3] source: Inc42 It acquired Greenedge and Rivpe, with Rivpe rebranded Zagg.Money, which took it into consumer retail credit cards, and it set up a GIFT City entity. [4] source: The Hindu BusinessLine [3] source: Inc42 In July 2026 Zaggle and AU Small Finance Bank launched a co-branded retail credit card on Visa and RuPay with Zagg Coins-to-cashback rewards. [5] source: The Hindu BusinessLine Also in July 2026, Zaggle agreed to buy a 19.90% stake in Unobanc for ₹7.96 crore. [6] source: The Hindu BusinessLine For Q1 FY27, reported in August 2026, profit was ₹17.5 crore, down 33% YoY, while operating revenue rose 28% to ₹423.3 crore. [2] source: Inc42

In August 2026 Kedia Securities acquired a 1.48% stake in Zaggle for ₹33 crore. [1] source: The Hindu BusinessLine

Sources

How these pages are built Report a correction

Questions about Zaggle

How fast is Zaggle growing in India?

Zaggle reported FY26 revenue of ₹19,076 Mn, up 46.3%, and PAT of ₹1,388 Mn, up 51.8%. For Q1 FY27 its operating revenue rose 28% YoY to ₹423.3 crore. [2] source: Inc42 [4] source: The Hindu BusinessLine

What is Zaggle's current strategy in India?

Zaggle acquired Greenedge and Rivpe, with Rivpe rebranded Zagg.Money, as reported in May 2026. It launched a co-branded credit card with AU Small Finance Bank in July 2026 and agreed in July 2026 to buy a 19.90% stake in Unobanc for ₹7.96 crore. [6] source: The Hindu BusinessLine [5] source: The Hindu BusinessLine [4] source: The Hindu BusinessLine [3] source: Inc42

Stories that mention Zaggle

2 stories

Zaggle is named in these stories but is not their subject.