MUMBAI, 4^th OCTOBER, 2022 (GPN): Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends, received the ‘Upcoming Unicorn Award’ at the Indian Startup Festival (ISF 2022) in Bengaluru. This was to recognize Zaggle’s journey and the grit of Founder & Chairman Raj N. and MD & CEO Avinash Godkhindi for building a robust and sustainable business to become a leader in spend management in India.

Zaggle was one of the chosen companies to be felicitated at the ISF 2022. Open, Zerodha, Groww, Simplilearn, MoEngage were few of the other recognized companies at the festival.

The India Startup Festival is on a mission to redefine the startup revolution by supporting entrepreneurs and creating a strong startup ecosystem to help them realise their full potential. Inspired by the life of Mahatma Gandhi, the Father of our Nation, who worked tirelessly to make India self-sustainable throughout his life, the ISF’s inaugural edition took place on October 1 and 2, 2022, at Sathya Sai Grama in Muddenahalli, Bengaluru.

Raj N, Founder and Chairman, Zaggle said, “We are honoured and privileged to be recognised at the Indian Startup Festival. I extend my heartfelt gratitude to all the Zagglers who have been relentlessly working to build state-of-the-art innovative solutions to help automate and empower businesses to increase efficiency, transparency and productivity which would eventually help us to achieve the goal of becoming the Global Digital Bank. This prestigious award is a testament to Zaggle’s accomplishments and contributions to the SaaS FinTech industry.” 

Avinash Godkhindi, MD & CEO, Zaggle said, “It is indeed a proud moment for all of us at Zaggle to have been recognized at ISF 2022. Innovation is at the heart of everything we do and we continue to strive for providing innovative support to organizations. This award validates Zaggle’s journey and inspires us to move beyond the boundaries and bring in innovation in the SaaS FinTech world while also enhancing customer experience.”   

Zaggle has had a phenomenal growth journey with consistent expansion in its product line. It recently launched Zoyer to modernise business payments for enterprises and SMEs. Besides, the company announced its partnership with RazorpayX Payroll to provide businesses with Flexible Benefits Program further to enable corporates to manage all employee tax benefits and perks on a single dashboard, automating the entire process. It also launched a key fob called the ZaKey, ON-THE-GO Key Fob in partnership with YES BANK on the RuPay network, powered by National Payments Corporation of India (NPCI). Ends

Zaggle’s Solutions: 

•Save: Save is a spend management, employee reimbursements and benefits platform that enables companies and their employees to save by digitising, organising and aggregating their spends. The entire process is digital which facilitates complete transparency in terms of the spend being on the correct category and making the process entirely seamless and enabling users to effortlessly manage their spends. The platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more annually.

•Propel: Propel is an employee rewards & recognition and channel incentivization solution that enables companies to communicate, engage, motivate and reward its employees and channel partners to drive growth. It helps in solving the intricate issues that involve the management of the complete lifecycle of sales incentives right from the development of schemes until the end-users receive it including analytics and reconciliation. This platform manages all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition.