National, December 15, 2021: Leading SaaS Fintech Company Zaggle which helps digitize spends, announces the appointment of two new members as part of their top management team. Vidyaniwas Khetawat and Raghav Hari Choudhary join the company in the capacity of Chief Financial Officer and VP- Investor Relations & Corporate Development respectively. They will both play a significant role in growth, strategy, and management utilizing their expertise and experiences.
Vidyaniwas, with more than 20 years of expertise in private equity, entrepreneurship, corporate development, engineering and business consulting space joins Zaggle as Chief Financial Officer. He has worked with several multinational companies spanning across multiple countries including USA, Singapore and India. His acumen and deep experience in finance, strategy and entrepreneurship has taken him to organizations like Hudson Clean Energy Partners, Nohara-Solargy, Amonix Inc. and, Netlink. His core strength lies in cross-border investing in private companies, managing portfolio companies, raising funds, building and executing new market entry strategies and building businesses from grounds-up having been an entrepreneur for several years before joining Zaggle,Vidyaniwas is an Engineer from IIT-Delhi, holds a Master of Engineering degree from National University of Singapore and is an MBA from University of Chicago Booth School of Business.
Raghav is highly skilled in strategic and capital market exits, M&A deals, and investor relations. With over 7 years of experience in finance, he has played a key role in several successful transactions. Raghav brings a deep understanding of global cultures and philosophies through his education in liberal arts at New York University that helped him explore synergies in transactions and investor relations. He has worked with the likes of Morgan Stanley and Fredericks Michael in New York in their Investment Banking divisions, and Mylen India (a Chrys Capital spin out) where he led investor relations and spearheaded several investments for a US $ 100 mn fund. Most recently, Raghav was with Everstone Capital in their exit team working on several large IPO’s and private transactions.
Commenting on the new appointments, Mr. Raj N., Founder and Chairman, Zaggle, said, “I am delighted to have Vidyaniwas and Raghav join the Zaggle family. As a company we have a lot in store for 2022. Finance is a key pillar for any business and more so for a SaaS FinTech like Zaggle and as we rapidly accelerate in the coming quarters, I look forward to their leadership in propelling Zaggle to greater heights. I am confident the expertise that Vidyaniwas Khetawat and Raghav Choudhary bring to the table will immensely benefit Zaggle in raising capital and executing our M&A plans.”
Welcoming the new members, Mr. Avinash Godkhindi, MD and CEO, Zaggle said, “As we look at accelerating our expansion in 2022, it gives me immense pleasure welcoming Vidyaniwas and Raghav. With a team this accomplished, I am confident we will deliver phenomenal innovations and strong numbers in the years to come. With a constant evolution in the FinTech space, the new talent with fresh approaches and ideas will further our growth and global expansion.”
Khetawat, as the CFO, will be responsible for all finance & accounting functions along with fundraising. Choudhary will report to Khetawat and be responsible for overseeing and negotiating strategic acquisitions alongside actively engaging in fundraising and stakeholder management. Additionally, with a view to lead the FinTech industry from the front, they will help the company in building innovative solutions for spend management which is the key focus area for Zaggle. Their appointment is going to play a pivotal role in the company as Zaggle is looking to raise significant capital for its business growth and expansion.
About Zaggle:
Zaggle is building a global digital bank. Today, it is a B2B2C SaaSFintech company digitizing spends to drive growth and unlock value through innovative and automated workflows. The company began its journey in 2011 with the vision of developing a digital ecosystem that would connect corporations and their users with partner merchants through its innovative FinTechsolutions. Since its inception, Zaggle has been working on evolving technologies that have helped the company to develop relevant solutions and platforms that are in raging demand in contemporary times. Our specialty lies in arraying cutting edge technologies viz., AI (Artificial Intelligence), ML (Machine Learning) and OCR (Optical Character Recognition) which are conducive in facilitating a seamless experience to our users. At present, Zaggle is closely working with IndusInd, RBL and YES Bank and RuPay, VISA and MasterCard.
Currently, Zaggle has 4,500+ clients, 12000+ merchants and over 4.5 million users. The company has offices across 9 cities with around 200+employees and is committed to bringing the best in class user experience to its user
Zaggle’s Solutions:
•Propel: Propel is an employee rewards & recognition and channel incentivization solution that enables companies to communicate, engage, motivate and reward its employees and channel partners to drive growth. It helps in solving the intricate issues that involve the management of the complete lifecycle of sales incentives right from the development of schemes until the end-users receive it including analytics and reconciliation. This platform manages all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition.
•Save: Save is an expense management, employee reimbursements and tax-saving platform that enables companies and their employees to save by digitizing, organizing and managing their spends. The entire process is digital which facilitates complete transparency in terms of the spend being on the correct category and making the process entirely seamless and enabling users to effortlessly manage their spendsThe platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more annually.
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