Hyderabad Based Zaggle Acquires Click & Pay Startup
A payments and group dining company Zaggle has acquired Payment app Click & Pay in a cash-and-stock deal.
With this acquisition, Zaggle will develop an expense management platform that would help create a vibrant corporate ecosystem where millions of corporates get the opportunity of consolidating and centralizing all travel, health and billings for other expenses and help keep a tab on the same.
Earlier, Zaggle acquires online coupons firm Pennyful in a similar cash-and-stock deal.
The present system of corporate expense management drains out hundreds of millions of dollars per month in terms of man-hours spent, lost opportunity costs, logistic delays and inability to consider GST inputs.
The platform Zaggle allows users to make payments by helping them find the best offers ...