🚀Ventureast, 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.
👀Before 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.
📈Zaggle 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.
🎉So, who's ready to ride the Zaggle wave? Share your thoughts below! #DeFi #Web3 #Technology