In today's article we are going to delve into the fascinating world of Zeta (company). From its origins to its influence on today's society, we will explore the different facets and aspects that make Zeta (company) a topic of interest to a wide spectrum of audiences. We will analyze its impact in different areas, its evolution over time and the possible implications it has for the future. Join us on this journey of discovery and learning about Zeta (company), where we will seek to shed light on its most relevant aspects and delve into its meaning in the contemporary world.
The company was founded in April 2015 by Bhavin Turakhia and Ramki Gaddipati. Its initial offerings were for employee tax benefits, automated cafeterias, employee gifting and digital payments. In 2016, Bhavin Turakhia invested around $19 million into Zeta. Initially, Zeta payments was only supported by the MasterCard network but later the company also tied up with the National Payments Corporation of India's RuPay.
In June 2017, the company invested 5-10 crore to buy a minority stake in an HR company called ZingHR.
Zeta has partnerships with IDFC Bank,Sodexo, Excelity Global,Kotak Mahindra Bank and RBL Bank. Zeta launched the first employee benefits survey in India along with Nielsen Holdings in April 2018. It also bought a minority stake in PeopleStrong in January 2018. In 2019, Zeta received an investment from Sodexo BRS at a valuation of $300 million. In 2020, Zeta launched its technology platform-as-a-service in the Philippines and Vietnam with Sodexo being its first client in these countries. In 2021, Zeta secured a Series C investment of $250 million from SoftBank Vision Fund 2 valuing Zeta at $1.45 billion. This is one of the largest single investments in a banking tech startup globally.
Awards and recognition
Selected as one of the Emerge 50 startups by NASSCOM.
FinTech Rising Stars at India FinTech Awards 2017 by India FinTech Forum.