Payments and group dining company Zaggle on Tuesday said it was acquiring Hyderabad-based tech start-up Click & Pay in a cash and stock deal.
It would enable Zaggle to build a world-class expense management platform and create a unique value proposition for its customers, a release from the company said.
Focused on groups, employee benefits, and corporate expense management, Zaggle connects consumer and corporate spends to merchants through tech platforms like Employee Perk System, reward and recognition programme, channel incentive and online cashback.
Growth strategies
CEO Avinash Godkhindi said the acquisition would help Zaggle to continue and execute the growth strategies and extend leadership in expense management by mainly focusing on the basic local needs of each and every market it serves.
“We welcome the Click & Pay team to Zaggle and look forward to working together,” said Hanif Shah, chief sales officer. Post the acquisition, the 25-member Click & Pay team would be joining over 150-member Zaggle team. The Hyderabad-based Click & Pay was founded in 2015 and has been backed by Dubai-based investors, the release said.
