Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore

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Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday.

In addition to the acquisition, Zaggle plans to invest up to Rs 25 crore in the loyalty and rewards solutions provider, in one or more tranches, subject to the execution of a share subscription agreement.

Founded in 2009, Greenedge specialises in loyalty experiences and rewards, with a focus on golf-based corporate engagement. The company provides…



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Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore



Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday.

In addition to the acquisition, Zaggle plans to invest up to Rs 25 crore in the loyalty and rewards solutions provider, in one or more tranches, subject to the execution of a share subscription agreement.

Founded in 2009, Greenedge specialises in loyalty experiences and rewards, with a focus on golf-based corporate engagement. The company provides…



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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