Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore

Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday.

In addition to the acquisition, Zaggle plans to invest up to Rs 25 crore in the loyalty and rewards solutions provider, in one or more tranches, subject to the execution of a share subscription agreement.

Founded in 2009, Greenedge specialises in loyalty experiences and rewards, with a focus on golf-based corporate engagement. The company provides…