Zaggle Prepaid Ocean Services Ltd.

Zaggle Prepaid Ocean Services has secured approval to acquire Rivpe Technology for a consideration of up to Rs 22 crore. The board of directors of the company in their meeting held on December 4, 2025 have approved the same. The board has approved the acquisition of 81,429 equity shares and 16,407 compulsory convertible preference shares, representing 100% of issued and paid-up capital, of Rivpe Technology. The transaction is expected to be completed within 120 days.

Upon completion of this acquisition, Rivpe Technology will become a wholly owned subsidiary of the company. Additionally, the board has approved investment of up to Rs 75 crore, in one or more tranches, in Rivpe Technology. The acquisition not only expands the company’s product offerings for existing users and customer base, it also adds a deep expertise on the UPI and facilitates its entry into the consumer credit card market.

Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with its customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.