Zaggle Prepaid Ocean Services Secures Two-Year Deal with Generali Central Insurance
Zaggle Prepaid Ocean bags 2-year deal from Generali Central Insurance
Business Standard
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Zaggle Prepaid Ocean Services has signed a two-year service agreement with Generali Central Insurance Company to deploy its Zaggle Zoyer platform. This partnership aims to enhance Generali's service offerings, with Zaggle reporting a 77.7% increase in net profit for Q3 FY26.
- 01Zaggle Prepaid Ocean Services has entered a two-year agreement with Generali Central Insurance Company.
- 02The deal involves deploying the Zaggle Zoyer platform.
- 03Zaggle's standalone net profit increased by 77.7% to ₹35.97 crore in Q3 FY26.
- 04Revenue from operations rose by 47.9% to ₹497.63 crore in the same period.
- 05Zaggle's shares slightly declined by 0.18% to ₹251.35 on April 10, 2026.
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Zaggle Prepaid Ocean Services has announced a significant two-year service agreement with Generali Central Insurance Company, which was formerly known as Future Generali India Insurance Company Limited. Under this agreement, Zaggle will implement its Zaggle Zoyer platform to enhance the insurance provider's service capabilities. This partnership is a strategic move for Zaggle, which specializes in spend management and operates primarily in the business-to-business sector. In its recent financial performance, Zaggle reported a 77.7% surge in standalone net profit, reaching ₹35.97 crore for the third quarter of FY26, alongside a 47.9% increase in revenue from operations, totaling ₹497.63 crore. Despite this positive financial outlook, Zaggle's shares experienced a minor decline of 0.18%, closing at ₹251.35 on April 10, 2026.
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This agreement is expected to improve service delivery for Generali's customers, potentially leading to better insurance products and customer satisfaction.
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