India, Oct. 3 -- After raising INR 595 Cr via its maiden QIP in December last year, fintech SaaS company Zaggle's board has now approved raising INR 59.99 Cr from preferential allotment of warrants.

In an exchange filing, the company said it will raise the capital via allotment of 10.58 Lakh warrants at INR 567 apiece to promoter group entity RAN Ventures Pvt Ltd and non-promoter group company and media conglomerate Bennett Coleman and Company Ltd (Times Group).

The company didn't disclose how it plans to use the freshly raised funds, but it is pertinent to mention that Zaggle has been on an acquisition spree of late. Most recently, it announced plans to acquire golf-centric rewards platform Greenedge for INR 25 Cr.

In a separate devel...