๐Ventureast, a venture capital firm, just sold a whopping 22.27 lakh shares of fintech SaaS company Zaggle. The deal, worth INR 67.26 crore, attracted big buyers like ICICI Prudential and ACM Global Fund.
๐Before the sale, Ventureast owned 3.64% of Zaggle. The timing is interesting, coming right after Equirus Securities gave Zaggle a 'LONG' rating with a price target of INR 400.
๐Zaggle is a big fish in the spends management market, projected to grow to INR 13,900 crore by FY27. After the transaction, Zaggle's shares rose 1.32% to INR 306.15.
๐So, who's ready to ride the Zaggle wave? Share your thoughts below! #DeFi #Web3 #Technology