๐Ventureast just cashed in big time, selling 22.27 lakh shares of fintech SaaS company Zaggle for a whopping INR 67.26 crore. ICICI Prudential, ACM Global Fund, Astorne Capital, and Tara Emerging Asia Liquid Fund were among the eager investors snapping up the shares.๐ฐ
๐Zaggle's stock is on a bull run, up 37% YTD. The company's net profit soared over 10x YoY to INR 15.2 crore in Q3 FY24. Operating revenue? Up 35.1% to INR 199.5 crore.๐ช
๐Keep an eye on this fintech powerhouse. With no significant competitors across its product segments, diverse revenue streams, and robust growth pipeline, Zaggle is set to dominate the rapidly expanding spend management solutions market.๐ฅ
๐Shares of Zaggle closed 1.32% higher at INR 306.15 on May 3, reflecting the market's optimism. Let's hear your thoughts in the comments! #DeFi #Web3 #Technology ๐๐๐ป
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