Zeta in billion-dollar club, aided by SoftBank push

BENGALURU: Bengaluru-based neo banking platform which provides cloud API services to fintech and banking institutions, Zeta, is the latest entrant to the billion dollar startup club of India with a fundraise of $250 million led by Japanese investment giant SoftBank.

This is SoftBank’s second start-up bet in India for 2021 after leading a $300 million funding round in social commerce platform Meesho earlier this year. Zeta has seen its valuation rise to $1.45 with the latest investment round.