Zaggle To Invest INR 75 Cr In Fintech Startup Rio.Money Post Acquisition

Zaggle said it will invest INR 75 Cr in Bengaluru-based fintech startup Rivpe Technology, which operates Rio.Money, post its acquisition

Zaggle said its board approved the purchase of 81,429 equity shares and 16,407 CCPS of Rivpe for up to INR 22 Cr, representing 100% of the startup’s fully diluted shareholding

Recipe offers UPI payments and co-branded credit cards. Its turnover stood at INR 98 Lakh in FY25 and INR 13 Lakh in FY24

Listed fintech SaaS company Zaggle said it will invest INR 75 Cr in Bengaluru-based…