Zaggle is a fintech SaaS startup that joins hands with Hero MotoCorp to offer its employees expenses  and optimize management. The startup mentioned in its filing that the Zaggle Save platform was developed to streamline and optimize the management of staff expenses and employee benefits. This  platform will enable the startup to provide transparency and enhance efficiency inside the  organization. 

The platform, Zaggle Save provides all services including food cards, travel vouchers, and gift cards in  one single place. The collaboration helps Hero MotoCorp to save tax and have a flexible employee  benefit approach. The arrangement was validated on July 4^th and will be valid till the termination of  the agreement contract with the terms mutually agreed by both parties. The fintech startup specializes  in the enterprise tech sector and offers management solutions to help startups and small and medium  enterprises manage and scale their business expenses. The partnership came just after Zaggle  announced a 153 percent increase in PAT to Rs 19.2 crore for its Q4 results in May. 

Zaggle is a business expenses management company that streamlines workflows like expenses  management. The company aims to develop financial solutions and products to help automate and  empower small businesses with increased accuracy, efficiency, and productivity to help India complete  its digital economy goal. The fintech startup plans to reach and grow in the market. Last month, Hero  Motocorp invested $15 million in EV startup Ather Energy. The Kredible mentioned that this  investment made Hero MotoCorp as the largest stakeholder of Ather Energy.  

The company intends to invest in startups to solidify its market presence while reaching more people across India. The startup also reported a 46.3 percent increase in its revenue. The major source of  income for the company comes from program fees, the SaaS subscription model, and from its  employee rewards solution platform Propel. Zaggle secured over 620 new corporates in its client base  this year including Wipro, Emcure Pharmaceuticals, and Bennett Coleman. The startup works with  bank partners including ICICI Bank, SBI, Axis Bank, and Kotak Mahindra Bank, among others.  

Conclusion: 

Zaggle, a fintech startup partnered with Hero Motocorp to optimize workflow and offer its staff expenses. The Zaggle Save platform was developed to optimize the management of staff expenses and  employee benefits. This platform will enable the firm with transparency and efficiency of the  organization. The collaboration helps MotoCorp to save tax and have a flexible employee benefit plan.  The arrangement was validated on July 4^th and will be valid till the termination of the agreement  contract with the terms mutually agreed by both parties. Zaggle is a business expenses management  platform that optimizes workflows such as expense management. The SaaS startup aims to develop  financial solutions and products to help automate and empower small businesses with increased efficiency, productivity, and accuracy. Zaggle’s website shows that the firm has over 2.2 million users  globally with 6 offices across India. The firm has more than 250 employees and two network partners.