Archive · 19 Nov 2025
Zaggle Eyes $1B Revenue, Expands to MENA
Zaggle, a spend management company, is aiming for $1 billion in revenue by 2032.
It's planning to expand to the UAE and the broader MENA region.
In the second quarter, Zaggle's net profit increased by 79.1% to ₹33.34 crore, and it's launching a retail credit card business.
Zaggle aims for $1B revenue by 2032
Plans UAE operations by June 2026
Exploring MENA expansion, open to JV/acquisitions
Q2 net profit up 79.1% to ₹33.34 crore
Launching retail credit card business
- Who
- Zaggle Prepaid Ocean Services Limited
- What
- Expanding to UAE and MENA, launching retail credit card business
- When
- Plans to establish UAE operations by June 2026, retail card launch not specified
- Where
- UAE, MENA region
- Why
- To increase revenue and tap into underpenetrated credit card market
- Current Revenue
- ₹431 crore in Q2 2025
- Q2 Net Profit
- ₹33.34 crore
- Retail Card Revenue Projection
- ₹500 crore over five years
- Existing User Base
- Over 3.5 million users