In this article, we will delve into the fascinating world of Zeta (company), exploring its many facets and delving into its implications in today's society. Zeta (company) has captured the attention of millions of people around the world, generating debate and reflection around its relevance and impact. Along these lines, we will analyze its evolution over time, as well as its influence in different areas, from culture to technology. Likewise, we will focus on the challenges and opportunities that Zeta (company) currently presents, addressing its importance in a globalized and constantly changing context.
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.