Hyderabad: Zaggle, a payments and group dining company, on Tuesday said that it would acquire city-based tech start-up Click & Pay in a cash-and-stock deal.
Founded by Kalyan Karteek in 2015, Click & Pay provides mobile-based secure and cashless payment solutions. It allows users to find the best offers in their locality and provides cashbacks on successful transactions. The platform also lets merchants to improve sales by identifying the spending patterns of customers.
According to Zaggle chairman Raj N. Phani, “The acquisition of Click & Pay will help Zaggle offer more benefits to its customers by providing technological solutions and introducing cost benefits across spectrum.”
It is Zaggle’s second acquisition in little more than a year. In April 2017, it had acquired online coupons firm Pennyful in a similar cash-and-stock deal.
