• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Zeta Joins Unicorn Club with $250 million New Funding

Abdul Kadir Khan by Abdul Kadir Khan
October 12, 2021
in News
Reading Time: 2 mins read
A A
0
Copy of Abhishek Gupta 3

Last month, there was news that Softbank is in advanced talks to invest in Zeta. Finally, the deal is closed between Zeta and Softbank. Zeta has joined the prestigious 1 billion-dollar club, popularly known as a unicorn. The startup that helps banks and other fintech firms to launch their products, is the fourteenth firm that has reached unicorn status in 2021.

Zeta Joins Unicorn Club

On Monday, Bhavin Turakhia, co-founder of Zeta, has officially released a statement that his startup has raised $250 million from Softbank. This was the series D financing round completed by Zeta. Sodexo, an existing investor of Zeta, also actively participated in the concluded financial round.

In April 2021, TechCrunch reported the above financing round talk. But the deal was not closed at that time.

Zeta operates from two major offices that are located in Bengaluru and Dubai. With the current financing round, Zeta reached a valuation of $1.45 billion. In the last funding round concluded in the mid of 2019, it was valued at $300 million.

Zeta has developed a technology stack that is bridging the gap among banks, fintech firms, and consumers. The startup helps banks in launching products that are beneficial for customers. It also makes business easy between banks and fintech firms.

Whenever banks launch their products including credit cards or debit cards, it is Zeta that guides them to provide the best experience to the users.

Currently, Zeta is serving 10 banks and 25 fintech businesses. It will invest current fundings to attract more clients in the future.

photo 2021 04 15 10 36 15
Zeta Co-founders: NBB

Softbank’s Investment in Indian Startups

Softbank, the Japanese investment firm, is showing a lot of trust in the Indian startup ecosystem. Last month, it helped Meesho to achieve unicorn status. After that, it is Zeta that got unicorn status due to Softbank vision fund 2.

As per media reports, Softbank is also in advanced talks with Swiggy to invest $500 million. And Softbank is also in touch with WhatFix related to new investment.

Why Softbank invested in the least talked banking software startup? Answering this question, Munish Varma, a managing partner at SoftBank Investment Advisers, said in a statement:

“Banking software is a $300 billion industry globally. Most banks still employ technology which is significantly older than their customers, impacting user experience and engagement.”

Zeta is the 14th Indian startup to become a unicorn this year. Recently, the Indian startup ecosystem completed a half-century of unicorns. For that, investors like Tiger Global, Falcon Edge, and SoftBank have invested a lot of money in Indian startups.

Tags: Indian UnicornsUnicorn StartupsUnicorns of IndiaZeta
Previous Post

upGrad Acquires Impartus with an Investment of Rs 150 Crore

Next Post

Indian Crypto Startups vs RBI, Government, and Supreme Court

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
Crypto Exchange:NBB

Indian Crypto Startups vs RBI, Government, and Supreme Court

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.