Zaggle Prepaid Ocean Services Zoyer Platform to Contribute Up to 50% Revenue

Shares of Zaggle Prepaid Ocean Services rose 2.5% to ₹176.19 on NSE after the company disclosed that its Zoyer spend‑management platform will represent 45‑50% of future revenue, up from the current 45%.

Zaggle’s market capitalisation sits at ₹2,366.47 crore, while Zoyer’s gross margin hovers around 95%, contrasted with a lower margin on the Propel Points segment.

Bandhan AMC’s partnership is expected to accelerate Zoyer’s penetration across procurement, travel and expense, and accounts‑payable solutions, further cementing the blend of SaaS and payment services.

AI‑related costs that had previously squeezed margins are now stabilising, leaving operating margins near current levels and hinting at modest improvement.

The firm is targeting free‑cash‑flow positivity in 18‑24 months, with the October 15 merchant discount rate changes poised to lift cash generation once the new framework takes effect.

Despite the upside, shares have fallen more than 50% over the last year, underscoring the need for sustained growth to regain investor confidence.