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Tag: Bhavin Turakhia

Bhavin Turakhia Led Titan raises $30mn from WordPress Parent Company
FUNDING

Bhavin Turakhia Led Titan raises $30mn from WordPress Parent Company

Dubai, 4t Aug 2021: Titan, a professional email startup founded by serial entrepreneur Bhavin Turakhia has secured a USD 30 million (about Rs 222.7 crore) investment from Automattic, the parent company of WordPress.com. This is the largest investment made by Automattic and values Titan at USD 300 million. "(The investment has been made) with the goal of jointly working with us in a deep strategic relationship to both enable Automattic users to benefit from Titan and vice versa, as well as to work with us to achieve this vision of creating an outstanding email product for professionals and business users," Turakhia told Pixr8 News in a virtual briefing. He added that people signing up on Wordpress.com with Automattic for a WordPress hosting website will have the ability to use Tit...
Zeta raises USD 250 mn from SoftBank at USD 1.45 bn valuation
FUNDING

Zeta raises USD 250 mn from SoftBank at USD 1.45 bn valuation

Mumbai, May 25th, 2021: Technology startup in banking sector Zeta raises USD 250 million from Japanese investment major SoftBank at a valuation of USD 1.45 billion, its co-founder and chief executive Bhavin Turakhia announced on Monday. This was the first-ever institutional investment in the 2015 founded company and also a first for Turakhia, a serial entrepreneur who has started four businesses. The investment happened from SoftBank's Vision Fund II.  Zeta's main product offering is focused on retail banks, which integrates mobile app, debit processing, credit processing and lending platform without changing the existing core banking systems. Its customers include the largest domestic private sector lender HDFC Bank and a slew of others.  The company had raised an undisc...