Zaggle and Google Collaborate to Enhance Business Operations

Nitin Konde, Varun Bhardwaj

19 Feb 2025 — 2 min read

Zaggle and Google Team Up to Boost Business Operations

Through its Indian distributor, Redington (India) Limited, SaaS fintech giant Zaggle has teamed up with Google to launch a scheme that would increase business productivity while giving staff members access to high-end technology through structured lease alternatives. By integrating with Zaggle's employee benefits plan, this application, Smart Employee Purchase (EPP+), will assist companies in cost management and enhancing employee engagement. In terms of business optimisation, companies can maximise cash flow by using structured leasing models to take advantage of tax benefits and lease payments that are predictable. In addition, risks will be reduced with the aid of enterprise-grade security, frequent upgrades, and full lifecycle management. Additionally, companies will be able to purchase and manage devices' lifecycles with a single provider.

With the five-year deal, Redington will act as a middleman between Google and Zaggle in a domestic relationship. The business affirmed that there are no related party transactions involved in the agreement and that Redington is not of interest to promoters or promoter group entities.

How Collaboration can Benefit Employees?

Employee benefits include discounted access to Google Pixel devices, which come with theft and ADLD (Accidental Damage and Liquid Damage) coverage. Compared to market prices, workers in higher tax groups could save up to 35%. The concept promises to improve financial planning by lowering the total cost of ownership and providing tax savings through salary packaging. According to Godkhindi, managing director and CEO of Zaggle, the company is providing organisations with a complete device management solution that combines cost-effectiveness, security, and easy administration through the Smart Employee Purchase (EPP+) program. This program gives businesses the ability to make investments in their employees, increasing employee satisfaction and engagement while making sure they are prepared for the future.

Recent Developments at Zaggle

Raj Narayanam founded Zaggle in 2011, and the company now offers businesses solutions for payments, costs, and corporate employee perks. It provides a variety of SaaS tools, including Zaggle Propel for employee incentives and rewards, Zaggle EMS for cost management, and Zaggle Save for managing expenses and rewards. The company claimed to have over 3,300 clients at the end of Q3 FY25, including BigBasket, Mumbai Metro One, Zomato's Blinkit, and HT Media. The board recently approved the SaaS giant's all-cash acquisition of a 16.67% share in Mobileware Technologies Private Limited, a supplier of digital payments services. In addition, Zaggle's third-quarter (Q3) financial results for the fiscal year 2024–2025 (FY25) showed excellent financial performance. For the quarter in question, its consolidated profit increased 30% year over year (YoY) to INR 19.74 Cr. Similarly, in Q3 FY25, operating revenue jumped 69% YoY to INR 336.89 Cr.