Zaggle Prepaid Ocean Services Limited has announced the receipt of a major contract from General Insurance Corporation of India (GIC Re), marking another institutional win for the fintech and spend-management platform. The company emerged as the lowest bidder (L1) in a competitive tender process on the Government e-Marketplace (GeM), according to its regulatory filing.
The awarded contract is valued at Rs 9.84 crore, under which Zaggle will provide Zaggle Save — its employee expense management and benefits solution to GIC Re. As per the agreement terms, the contract will run for three years, beginning November 5, 2025, to November 5, 2028.
The mandate reinforces Zaggle’s growing presence in the enterprise and public-sector digital expense automation segment. The project will be executed domestically, and the filing confirms no related-party involvement.
This announcement comes as Zaggle continues to expand its corporate client portfolio, leveraging expense automation, employee benefits, and reward management offerings for government and private entities.
