Zeta raises $250 million in a Series-D funding led by SoftBank
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Fintech start-up Zeta, a company co-founded by billionaire and serial entrepreneur Bhavin Turakhia, has raised $250 million from SoftBank, while existing investor Sodexo also participated in this round as a minority investor.
The fund raise values Zeta at $1.45 billion, making it the latest to join the coveted unicorn status.
The fund was raised from SoftBank Vision Fund 2, and this is the largest single raise by a banking tech startup globally, said Bhavin Turakhia, Co-founder and CEO, Zeta told media over Zoom call.
In 2019, Fintech start-up Zeta raised a Series C investment of under $60 million from Sodexo at a valuation of $300 million. With this investment, Sodexo will have a minority stake of under 20 per cent in Zeta.
Also Read: Zeta secures Series C investment of nearly $60 million from Sodexo at $300 million valuation
Including Zeta, 14 startups have become a unicorn this year in the country.
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