Startup Funding

Zaggle expects margin support from Visa tie-up, sticks to FY26 growth guidance

Zaggle CEO Avinash Godkhindi said the company’s long-term partnership with Visa will add to programme income through spend-linked incentives without raising costs. He said the AU Small Finance Bank tie-up will go live soon and that more bank partnerships are in the pipeline. Godkhindi added that Zaggle is on track to meet its FY26 growth guidance of 40–45% and expects EBITDA margins to remain within the 10–11% range, while also pursuing further acquisitions.

Startup Funding

Ola, Uber’s new rival Bharat Taxi to officially launch operations by end of January

An Indian government-backed ride-hailing app is preparing for its full launch after a quiet pilot showed strong early traction. The Bharat Taxi app will be officially rolled out by the end of January in Delhi and several other cities, according to a PTI report . The move comes after thousands of daily rides during its soft launch phase convinced officials that the platform could work at scale. The app was introduced on a pilot basis in Delhi last month. Since then, it has been handling around 5,500 rides every day. A large share of these bookings are from the airport, with the rest spread across city locations and different vehicle categories. More than 1.4 lakh drivers have already signed up. For many of them, the appeal is simple. The app does not take any commission. A senior official from the Ministry of Cooperation, which is leading the initiative, told PTI that the response so far has been encouraging and the formal launch will take place before month-end. “We have received a ...