Banking technology startup, Zeta has raised $250 million from Japanese investment major SoftBank at a valuation of $1.45 billion. Zeta has become the 14th Indian startup to cross the valuation of $1 billion in 2021. SoftBank’s Vision Fund II was the source of the investment. The company’s value has increased by more than threefold as a result of SoftBank’s investment.
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The company operates in North America, Latin America, United Kingdom, Europe and Asia. At present Zeta works with 10 banks and 25 startups including HDFC Bank, Axis Bank, Yes Bank, Sodexo RBL Bank, Kotak Mahindra Bank, IndusInd Bank, and SBM Bank India, across eight countries. With Zeta, financial institutions can leverage a modern, cloud-native platform and improve speed to market, agility, cost to income ratio and user experience.
Important takeaways for all competitive exams:
- Zeta Founded: April 2015;
- Zeta Headquarters: Bangalore, India;
- Zeta Founders: Bhavin Turakhia, Ramki Gaddipati.
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