Valuation Is Temporary But Value Is Permanent: Founder, Zaggle
While speaking about the SaaS segment potential and its scope, Raj N, Founder and Chairman, Zaggle said, "India is a growing economy which is rapidly digitising. There’s huge scope in the $ 1 trillion addressable Indian spend management market"
Indian market is still a mix of digital and manual and the biggest pain point is to digitise the entire process. The opportunity for business development lies in disrupting the current processes and the exciting part is to solve for the masses bridging the various gaps and loopholes.
In the last few years, there has been a huge push towards digitisation, whether through SMEs, corporates, GST, or even government initiatives. A rise in the usage of SaaS-based solutions has been witnessed as businesses are keen towards innovating offerings which can streamline operations and help them to accelerate their growth journey.
On a lighter note, Raj N, Founder and Chairman, Zaggle shares that the word ‘Zaggle’ stands as an antidote to ‘Haggle’, it was born to be global in nature, scalable, tech-first and backed with experience.
The Inception Story
Being an entrepreneur, I was always intrigued to solve complexities of the business through technology. After coming across the untapped opportunities in the B2B expense management sector, we interacted with a lot of business groups where we came across issues such as complex workflows, fraudulent and tax compliances that businesses were facing.
Of the problems, statements, the need and potential in the complete digitisation of payments and accounting. Hence, we built a solution for seamless finance and expense management of corporates, SMEs, and startups. The idea was to offer these solutions on a single platform, which is what our software provides. We also decided to digitise the entire process of vouchers and gift cards by building a network-agnostic platform.
Founder Raj's leadership chant is 'leading with vision through people to deliver and achieve excellence.”
Finance leaders are increasingly being asked to play the role of value architects. This necessitates freeing accounts payable professionals from being ‘bean counters’ to help optimise working capital and improve financial well-being.
At Zaggle, the understanding of the market, innovative products, deep engineering and design capabilities have allowed us to create a state-of-the-art SaaS fintech platform for our customers.
We will continue to invest in digitalisation as the world is propelling towards digital solutions. Going ahead, we plan to expand our product line and are also considering overseas expansion. We have many exciting new products in the pipeline. We will soon be offering investment products which will help us in fulfilling our vision of becoming a Global Digital Bank.