FundedIQ
Administrative Services

Zaggle: Funding, Investors & Team (Sep 2026)

Zaggle offers solutions for managing business expenses, catering to companies of varying sizes including corporations, startups, and SMEs. The company utilizes an integrated SaaS-based platform and an extensive range of digital products that automate the management of business and employee spending. Zaggle also provides payment options such as the Zaggle Payroll Card, Kuber Gift Card, and Zinger Multi-wallet Card that function both online and offline. Additionally, the company enables corporates and individuals to access gifts and experiences through a range of channels including employee rewards, partner incentives, online shopping cash back, and restaurant cash back.

www.zaggle.in LinkedIn Hyderabad, India 251-500 employees
Employee Benefits FinTech Payments SaaS B2B B2C Spend management Rewards and recognition
Total raised
$84.7M
Rounds
3
Latest
Undisclosed round
Dec 2024

Zaggle has raised $84.7M across 3 funding rounds on record, the most recent an undisclosed round of $69.8M announced in Dec 2024.

That round is above the $4.7M median round size for Administrative Services companies tracked on FundedIQ over the last two years.

Zaggle Company Profile and Key Stats

Total funding raised
$84.7M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Undisclosed round
$69.8M in Dec 2024
Employees
251-500
reported band
Headquarters
Hyderabad, India

Latest funding round on record: Dec 2024.

Zaggle Funding Rounds

Date
Round
Amount
Undisclosed round
$69.8M
Undisclosed round
$8.8M
Undisclosed round
$6.1M

Zaggle raised $6.1M in an undisclosed round announced in Mar 2023.

5 months later, an undisclosed round of $8.8M was announced in Aug 2023.

1.3 years later, an undisclosed round of $69.8M was announced in Dec 2024.

Zaggle Founders and Leadership Team

Name
Role
Contact
Raj Narayanam
Founder
Locked
Avinash Godkhindi
CEO
Locked
Vineeth Musthyala
CEO

Contact details for the Zaggle team: 2 of 3 have an email address on file.

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Zaggle Funding Compared to Other Administrative Services Startups

Segment
Companies
Median round
3,220
$3.0M

Zaggle's latest round of $69.8M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.

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Zaggle Funding FAQs

What does Zaggle do?

Zaggle offers solutions for managing business expenses, catering to companies of varying sizes including corporations, startups, and SMEs. The company utilizes an integrated SaaS-based platform and an extensive range of digital products that automate the management of business and employee spending. Zaggle also provides payment options such as the Zaggle Payroll Card, Kuber Gift Card, and Zinger Multi-wallet Card that function both online and offline. Additionally, the company enables corporates and individuals to access gifts and experiences through a range of channels including employee rewards, partner incentives, online shopping cash back, and restaurant cash back.

How much funding has Zaggle raised?

Zaggle has raised $84.7M across 3 rounds on record. The most recent is an undisclosed round of $69.8M announced in Dec 2024.

When did Zaggle last raise funding?

Zaggle's most recent funding round on record is an undisclosed round of $69.8M, announced in Dec 2024.

Who founded Zaggle?

FundedIQ lists Raj Narayanam (Founder) at Zaggle.

Who is the CEO of Zaggle?

Avinash Godkhindi is listed as CEO at Zaggle.

Where is Zaggle headquartered?

Zaggle is based in Hyderabad, Andhra Pradesh, India.

How many employees does Zaggle have?

Zaggle is in the 251-500 employee band.

How does Zaggle's funding compare to other Administrative Services startups?

Zaggle's latest round of $69.8M is above the $4.7M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.

About FundedIQ's Zaggle Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Zaggle is left off this page rather than filled in.

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