<h1>Zaggle Acquires 38.34% Stake in Mobileware for Rs 22.85 Crore to Boost SaaS FinTech Capabilities and Innovation</h1> Spend management company Zaggle Prepaid Ocean Services has acquired a 38.34% stake in Mobileware Technologies, a payment solutions provider, for approximately Rs 22.85 crore. This strategic investment includes Rs 15.60 crore for a 26% stake on a post-issue and fully diluted basis, and Rs 7.25 crore for a 12.34% stake from Mobileware's promoters. The acquisition aims to strengthen Zaggle's position in the SaaS FinTech sector by leveraging Mobileware's infrastructure and expertise. Mobileware's co-founder stated that the collaboration will enhance technological innovation and improve payment solutions for customers.