✅ At a Glance
| Metric | Value |
|---|---|
| 📢 Announcement Date | May 19, 2025 |
| 🧾 Deal Type | B2B SaaS + Fintech Services |
| 🏢 Client | White Oak Investment Mgmt |
| 📄 Products Offered | Zaggle Save + Zaggle Zoyer |
| ⏳ Contract Tenure | 3 Years |
| 💰 CMP (May 20, 2025) | ₹425 |
| 🔮 Market Sentiment | 🔼 Mildly positive |
Zaggle just bagged a 3-year deal with White Oak — not for fund management, but to manage their employee expenses and corporate benefits.
🏢 About Zaggle
Zaggle Prepaid Ocean Services Ltd is a fintech + SaaS hybrid offering:
- 💳 Prepaid Cards & Employee Benefits
- 💼 Expense Management Tools (Zaggle Save)
- 📊 Automated Spend Analytics (Zaggle Zoyer)
- 🛍️ Merchant Offers Platform
It serves 2,000+ corporates and 6.5M+ users.
This isn’t your typical UPI app — it’s the middleware that runs corporate India’s reimbursement ecosystem.
🧾 Deal Breakdown: What Was Announced?
- ✅ Zaggle entered a formal agreement with White Oak Investment Management Pvt Ltd
- ✅ Will provide:
- Zaggle Save → for employee expense management
- Zaggle Zoyer → analytics + automation suite
- ✅ Duration: 3 years
- ❌ Consideration amount not disclosed
🔍 Why This Deal Matters
🧠 1. White Oak is a Premium Client
This isn’t a startup. It’s a well-funded, high-AUM asset manager.
Being chosen for expense + HR automation = validation of Zaggle’s SaaS stack.
📊 2. Proof of Platform Stickiness
3-year lock-in = recurring revenue + strong retention signal
SaaS + fintech is usually quarterly churn-prone. This deal signals enterprise confidence.
🏗️ 3. Boosts Zaggle’s B2B vertical (which drives margins)
B2C may get headlines, but B2B clients = big margins + predictable cash flows.
🧮 CMP & Valuation Check
| Metric | Value |
|---|---|
| CMP | ₹425 |
| TTM EPS (est.) | ₹8.2 |
| P/E | ~51.8x |
| FV (Edu est.) | ₹290–310 |
Zaggle is still priced like a growth fintech, not a boring IT stock. Market is betting on continued client wins + margin expansion.
🧠 EduInvesting Take
“Zaggle isn’t aiming to be the next Paytm. It’s building the Razorpay of reimbursements.”
This White Oak deal is not huge, but it’s high quality.
- 📈 Validates product
- ✅ Adds recurring SaaS revenue
- 📊 Signals deeper market penetration in BFSI
The only catch? Valuation.
At ₹425, you’re paying 50x+ earnings — so the company needs to bag 10 more White Oaks this year to justify the price.
🏁 Final Verdict
✔️ High-quality client win
✔️ Margin accretive
✔️ Great product-market fit
❌ No deal value disclosed
❌ Valuation rich
“At ₹425, you’re betting on Zaggle becoming India’s SAP for expense management. If that excites you, hold on. If not, wait for dips.”
Tags: Zaggle White Oak deal, Zaggle share price ₹425, Zaggle Save, Zaggle Zoyer, SaaS fintech India, NSE ZAGGLE, employee expense platform, EduInvesting coverage
