India, Feb. 10 -- Shares of listed fintech SaaS major Zaggle plunged almost 10% to INR 424.30 apiece during the intraday trading session on the BSE today (February 10).

The stock closed at INR 471.40 per share, as of Friday (February 7).

The fall dragged its market capitalisation to INR 5,694.33 Cr ($647.8 Mn), where the stock has lost about INR 528 Cr in a week's time.

The stock is set for its third straight session of red, if current losses hold.

To note, in the last 15 trading sessions, shares have ended in red on 9 sessions.

Founded in 2011 by Raj Narayanam, Zaggle provides a spend management and corporate employee benefits platform. Its offerings help businesses automate their accounts and issue prepaid cards. Its portfolio of S...