Why Haggle – when you can Zaggle

By: Surveshwar Sarvesh

In the digital world of today’s era everyone uses plastic money. But at the end of the day – carrying multiple plastic cards for various applications and payments becomes a nuisance. And we start thinking – paper money was a better option. Companies today too face a lot of hustle in using multiple payment instruments for running their business (Credit, Prepaid, Forex etc.)

Hence we all need a single platform where all these expenses and disbursements can be seamlessly tracked.

That’s where Zaggle comes in…, a one-stop solution for all the digital payments. Zaggle is based in Mumbai and is an award-winning “digital payments, cashback and Analytics Company” which helps companies and retailers with experiences across multiple channels, employee rewards and recognition, employee benefits, channel partner incentives, online shopping cash backs, and restaurant cash backs.  Zaggle evolved from being a gift card provider and is a big tool today helping companies and retailers to enhance their customer base providing a complete lifestyle experience.

Zaggle’s features can be used to digitally manage all the expenses of an SME and optimize their working capital. Zaggle works currently with three banks RBL Bank, IndusInd and YES Bank and works closely with VISA, RuPay and MasterCard Networks.

Zaggle was founded in 2011 as a gift card company and morphed into a technology provider in 2015. It was founded by Phani Raj, who continues to be the Chairman. Zaggle competes with QwikCilver, a tech platform for gift cards to merchants and Finally, a startup that works with more than 50 customers.

Zaggle today manages loyalty programs for more than 3000 corporate clients, 6,500 merchant relationships, and over 6 lakh gift cards. Its customer list includes Axis Bank, WNS Global, and Edelweiss Tokio Life Insurance. The Zaggle app has been downloaded by 250,000 individuals. Zaggle reported revenues of Rs 33 crore and Rs 83 crore in 2016 and 2017 respectively, but the innovations helped the revenues to shoot up to Rs 631 crore in 2018.

Zaggle recently announced their selection to be part of Microsoft’s 100X100X100 program. Accordingly, Microsoft will bring together 100 companies and 100 early and growth-stage start-ups. Each committed company will spend $100,000 over a course of 18 months. This will entail Zaggle to have access to prospective customers at Microsoft industry and customer events and will also get access to Microsoft’s technology platform and guidance in fine-tuning their business and expansion models.

Launched under the ‘Microsoft for Startups’ initiative, the 100X100X100 programme will help enterprises fast track their digital transformation through faster adoption of SaaS-based solutions. Microsoft for Start-ups allows early-stage B2B start-ups to leverage Microsoft Azure marketplace, enterprise sales team and rapidly growing partner ecosystem. The initiative has already witnessed participation of more than 50 start-ups.  Zaggle is one of the first 50 Startups to be selected as a part of this program.

The 100X100X100 initiative will help Zaggle to create a profitable domestic market in the fast-growing Indian B2B SaaS Startup segment by increasing their revenue and customer base. The programme will be conducted with the support of ecosystem partners and industry associations including the Delhi and Mumbai Chapters of The Indus Entrepreneurs (TiE), Microsoft said.

Features of Zaggle:-

Forex Wallet – International travel expenses of employees, No last-minute paperwork to obtain cards for international travel.

Credit Wallet – Optimize working capital, Business Travel expenses of Founder, CXOs and Senior Execs.

INR Pre-Paid Wallet – Employee Tax Benefits (meal, fuel etc.), Petty Cash Management, Travel advance for local travel.

Also, Employee Travelling expense is a major, must and the most problematic section to deal in for a corporate today. They face a lot of hustle in managing multiple travel & expenses of the company which creates lots of mistakes and confusion as the bills are to be collected and submitted, later on, Approvals are to be taken before any spending and follow-ups in order to submit the bill.

Here too, Zaggle comes into the rescue by bringing all employees & expenses on one platform giving centralized visibility and control over company’s expenditure, any time across any device which is an excellent opportunity for both the management and Employees.

Employees can be given several benefits to have a hustle free travel with Zaggle such as Upload bills seamlessly, Expense report submissions on the go, No manual entries, Smart Scan to Fetch data, One Tap card balance load request, Expense Fields Customization, etc.

For more information: https://www.zaggle.in/