Zaggle To Acquire 45% Stake In Effiasoft For INR 36.7 Cr

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SUMMARY

Zaggle said it will acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao in an all-cash deal

The company’s board also approved a proposal to acquire an additional 5.67% stake in Effiasoft from Shee and Rao for INR 4.59 Cr

Founded in 2012, Effiasoft offers end-to-end software solutions for PoS devices, inventory management and customer loyalty

Fintech SaaS company Zaggle plans to acquire a 45.33% stake in point of sale (PoS) software solutions provider Effiasoft for INR 36.72 Cr in an…



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Zaggle To Acquire 45% Stake In Effiasoft For INR 36.7 Cr


SUMMARY

Zaggle said it will acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao in an all-cash deal

The company’s board also approved a proposal to acquire an additional 5.67% stake in Effiasoft from Shee and Rao for INR 4.59 Cr

Founded in 2012, Effiasoft offers end-to-end software solutions for PoS devices, inventory management and customer loyalty

Fintech SaaS company Zaggle plans to acquire a 45.33% stake in point of sale (PoS) software solutions provider Effiasoft for INR 36.72 Cr in an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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