Zaggle Prepaid Ocean Services Ltd has announced its plan to acquire Rivpe Technology Pvt Ltd for a total consideration of up to ₹22 crore. The acquisition will encompass 81,429 equity shares and 16,407 compulsorily convertible preference shares, representing 100% of Rivpe Technology’s fully diluted shareholding. Upon completion of the transaction, Rivpe will become a wholly owned subsidiary of Zaggle. The company has set a 120-day window to close the deal.
Board Approvals and Investment Plans
The acquisition received approval during Zaggle’s board meeting held on December 4, 2025. In addition to the acquisition cost, the board has sanctioned an incremental investment of up to ₹75 crore in Rivpe Technology. This capital infusion will be provided in phases based on operational requirements. Zaggle clarified that the transaction is not a related-party deal and does not require any regulatory approvals.
Strategic Rationale
Zaggle’s move aims to strengthen its presence in the digital financial services space by leveraging Rivpe Technology’s expertise. Rivpe specializes in UPI-based payment solutions and co-branded consumer credit cards. The acquisition is expected to expand Zaggle’s product offerings for enterprise clients, particularly in payment solutions and credit-linked financial services, enhancing the value proposition for existing users.
About Rivpe Technology
Founded in July 2023, Rivpe Technology operates solely in India and focuses on digital payments, co-branded credit cards, and credit-linked financial products. Although still in the early stages of scaling, Rivpe reported revenue of ₹0.98 crore for FY25. The acquisition allows Zaggle to tap into a young, innovative fintech platform with growth potential in the expanding digital payments ecosystem.
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