Zaggle To Invest INR 75 Cr In Fintech Startup Rio.Money Post Acquisition

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SUMMARY

Zaggle said it will invest INR 75 Cr in Bengaluru-based fintech startup Rivpe Technology, which operates Rio.Money, post its acquisition

Zaggle said its board approved the purchase of 81,429 equity shares and 16,407 CCPS of Rivpe for up to INR 22 Cr, representing 100% of the startup’s fully diluted shareholding

Recipe offers UPI payments and co-branded credit cards. Its turnover stood at INR 98 Lakh in FY25 and INR 13 Lakh in FY24

Listed fintech SaaS company Zaggle said it will invest INR 75 Cr in Bengaluru-based…



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Zaggle To Invest INR 75 Cr In Fintech Startup Rio.Money Post Acquisition


SUMMARY

Zaggle said it will invest INR 75 Cr in Bengaluru-based fintech startup Rivpe Technology, which operates Rio.Money, post its acquisition

Zaggle said its board approved the purchase of 81,429 equity shares and 16,407 CCPS of Rivpe for up to INR 22 Cr, representing 100% of the startup’s fully diluted shareholding

Recipe offers UPI payments and co-branded credit cards. Its turnover stood at INR 98 Lakh in FY25 and INR 13 Lakh in FY24

Listed fintech SaaS company Zaggle said it will invest INR 75 Cr in Bengaluru-based…



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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