Zaggle Prepaid Ocean Services Limited has announced a strategic move to enhance its presence in the loyalty and rewards sector with the acquisition of Greenedge Enterprises Private Limited.
The decision was approved by the company’s Board of Directors on September 29, 2025. Under the plan, Zaggle Prepaid will acquire 1,30,000 equity shares from Greenedge’s existing shareholders for up to ₹25 crore, representing full ownership of the company. In addition, the company plans to invest up to ₹25 crore in Greenedge through a Share Subscription Agreement.
Greenedge, incorporated on March 9, 2009, is a niche player specializing in golf-based corporate engagement, offering B2B solutions in golf travel, experiences, and access-based rewards, including collaborations with Rupay Cards. The company has shown impressive growth over the last three years, with turnover rising from ₹7.28 crore in 2021-22 to ₹19.82 crore in 2023-24, and operates exclusively within India.
This acquisition is expected to strengthen Zaggle Prepaid’s Propel platform by expanding its offerings in loyalty and rewards as well as the travel segment. The transaction will be completed entirely through cash consideration, with an anticipated timeline of 45 days. The deal is not a related-party transaction, and neither the promoters nor promoter group have any interest in Greenedge.