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 undiscl...