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Zaggle, a payments and group dining company, has acquired Hyderabad-based Click&Pay, a tech start-up backed by Dubai-based investors, in a cash-and-stock deal.
The acquisition will enable Zaggle to build an expense management platform and create a unique value proposition for its customers.
Raj N Phani, Founder and Chairman, Zaggle, in a statement said, “The acquisition of Click&Pay will help Zaggle offer benefits by providing technological solutions and introducing cost benefits across the spectrum.”
A fully automated process would save corporates time, resources and money, especially on travel and entertainment spends, which is seen as among the top three controllable expenditure besides salaries and benefits for corporates.
Kalyan Karteek, Founder, Click&Pay, said, “This partnership, would help create a vibrant corporate ecosystem where corporates get the opportunity of consolidating and centralising all travel, health and entertainment billings that help keep a tab on expenses.”
Post acquisition, the Click&Pay team of 25 members would join the 150-plus Zaggle team.
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