Zaggle Prepaid Ocean Services , a prominent player in the prepaid services sector, has announced a significant business partnership with Biba Fashion Limited, a renowned name in the Indian fashion retail industry. This collaboration marks a strategic move for both companies, potentially opening new avenues for growth and customer engagement.

Key Highlights of the Partnership

• Nature of Agreement: Partnership agreement
• Parties Involved: Zaggle Prepaid Ocean Services and Biba Fashion Limited
• Sector Convergence: Prepaid services meets fashion retail

Potential Implications

This partnership could lead to innovative solutions at the intersection of fintech and fashion retail. While specific details of the collaboration are yet to be disclosed, such alliances often aim to enhance customer experience, streamline payment processes, or introduce loyalty programs.

Company Achievements

In addition to this partnership news, it's worth noting that Zaggle Prepaid Ocean Services has recently achieved a significant milestone. The company has been selected among the Top 10 of DGEMS 2025 by Forbes India in partnership with D Globalist. This recognition underscores Zaggle's growing prominence in the fintech space and its potential for future growth.

Market Implications

The partnership between Zaggle and Biba Fashion could signal a growing trend of collaboration between fintech companies and traditional retail brands. Such partnerships often aim to leverage technology to enhance customer engagement and streamline operations in the retail sector.

As more details emerge about this partnership and its specific initiatives, investors and market watchers will be keen to see how it may impact both companies' market positions and financial performance in the coming quarters.

Zaggle Prepaid Ocean Services Limited , a leading fintech company specializing in spend management solutions, has reported its best-ever quarterly performance for Q2 FY26. The company achieved significant growth across key financial metrics and announced strategic expansions in its business operations.

Financial Highlights

Zaggle delivered impressive financial results for the quarter ended September 30, 2025:

The company's strong performance was driven by growth across all revenue streams, including program fees, Propel points, and SaaS platform fees.

Strategic Developments

Retail Co-Branded Credit Card Partnership

Zaggle has entered into a retail co-branded partnership with AU Bank, marking its entry into the retail credit card segment. This move is expected to generate significant revenue in the coming years:

• Projected revenue of INR 500-600 crores from this new business line over the next 4-5 years
• Estimated EBITDA of INR 50-60 crores annually from this segment by the end of the fifth year

The company is actively seeking partnerships with 2-3 more banks to expand its retail co-branded credit card offerings.

Fleet Management Solutions

Zaggle has made significant inroads into the fleet management sector:

• Signed agreements with Adani Total Gas and Megha Gas for fleet management solutions
• Expanding into partnerships with oil marketing companies (OMCs) like HPCL, BPCL, and IOCL

New Product Launches

At the Global Fintech Fest 2025, Zaggle introduced two innovative products:

1. Zaggle GlobalPay FOREX Card: A co-branded partnership with GlobalPay to streamline FOREX spending for businesses and global travelers
2. Prepaid card in partnership with Mastercard and NSDL: Designed to simplify channel partner payouts in tandem with Zaggle's Propel offering

Corporate Partnerships and Client Acquisitions

Zaggle continues to expand its client base and strengthen existing partnerships:

• Onboarded new clients including SMC Global, Pernod Ricard, Ultratech Cement, DTDC Express, and Suryoday Small Finance Bank
• Expanded cross-sell wins with existing clients such as Bharat Dynamics Limited, Apollo Health, and Siyaram Silk
• Entered into strategic partnerships with Standard Chartered Bank and IDFC Bank, bringing the total number of banking partners to 19

Future Outlook

Zaggle has raised its revenue growth guidance to 40-45% for the current fiscal year, while maintaining its EBITDA guidance in the range of 10-11%. The company has set a long-term target of reaching 14-15% adjusted EBITDA margin in the next 4-5 years.

Management Commentary

Dr. Raj Narayanam, Founder and Executive Chairman of Zaggle, stated, "This quarter marks our best-ever half-yearly and quarterly performance, marked by strong progress and continued innovation across our businesses."

Avinash Godkhindi, Managing Director and CEO, added, "Today, around 3.5 million users use Zaggle-powered cards and software, a strong testament to the scale and adoption of our platform. We now serve more than 3,600 customers across a wide spectrum of industries and sectors."

Investor Relations

For further information, investors are encouraged to contact SGA, Zaggle's Investor Relations Advisor.