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Zeta raises $250million from SoftBank Vision Fund, becomes 14th unicorn this year

Fintech software-as-a-services firm Zeta raised $250 million from SoftBanks' Vision Fund at a valuation of $1.45 billion. Zeta targets the massive opportunity of Open Banking or neo-banking that many traditional banks in India are undertaking. The company operates in North America, Latin America, United Kingdom, Europe and Asia. Zeta has been founded in 2015 by serial entrepreneur Bhavin Turakhia, who had previously set up several startups like LogicBoxes, Ringo and Flock. For the majority of its history, Zeta was bootstrapped and it was only in July 2019 that Turakhia and his co-founders looked to raised external funding. At the time, Zeta raised $300 million from investors like Sodexo SA. With this round of funding Zeta has become the 14th Indian startup to become a unicorn since the start of the year, following the likes of Meesho, CRED, Groww and Urban…

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