MUMBAI : Banking tech startup Zeta has become the latest unicorn in India after raising $250 million from SoftBank’s Vision Fund 2 at a valuation of $1.25 billion. Investment bank Avendus Capital advised Zeta on the fundraise. Zeta provides banks with technology to create digital products that enhance user experience and significantly reduce the time to market. Zeta is working with more than 10 banks and 25 fintechs, including Sodexo, HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Yes Bank, RBL Bank and SBM Bank India, across eight countries. “The tie-up with HDFC Bank is the largest in scale in India," he said, adding that Zeta is working with HDFC Bank on several product launches, which may happen this year.

Source: Mint May 24, 2021 15:00 UTC