India, 30th June 2022: Telangana Chief Minister Shri Chandrashekar Rao Kalvakuntla felicitated SaaS Fintech Zaggle’s senior leadership at the inaugural ceremony of the new T-Hub facility in Hyderabad on 28th June 2022. This was to recognize Zaggle’s journey and the grit and determination of Founder & Chairman Raj N and MD & CEO Avinash Godkhindi for building a robust and sustainable business and become a leader in spend management in India.
Zaggle was one of the very few chosen companies to be recognized by the State CM in the presence of State IT minister K.T. Rama Rao, IT secretary Jayesh Ranjan, T-Hub CEO M. Srinivas Rao and T-Hub board chairman B.V.R. Mohan Reddy.
Raj N, Founder and Chairman, Zaggle said, “It is a great honour and privilege to have received this recognition by Honourable Chief Minister of Telangana. The recognition is a testament to Zaggle’s journey and contribution to the vibrant ecosystem of Telangana. We look forward to building a large B2B enterprise in spend management for the world.”
“Since its inception, the T-Hub has created a robust start-up ecosystem, enabling and empowering entrepreneurs hungry for innovation and I would like to congratulate the Government for creating such a world-class entity at T-Hub” he added.
Avinash Godkhindi, MD & CEO, Zaggle said, “I want to humbly thank all at the Telangana Ministry for recognizing our commitment and efforts. This recognition is a validation of our journey at Zaggle and encourages us to achieve more with disciplined execution & innovation. The T-Hub would go a long way to support the startup industry which could become strong pillars of Indian economic growth in years to come”
Zaggle has had a phenomenal growth journey, starting from a gross transaction value (GTV) of just Rs. 4 crores in 2012, to a GTV of about Rs 15,000 crore per annum, today in the $1 trillion addressable Indian spend management market. The company provides its customers with a unique expense management system along with employee rewards and recognition program services. Zaggle has been consistently expanding its product line with an aim to tap into the spend management space in the country.