Other Private Equity/Strategic Investments
Banking tech co. Zeta raises $50-M from US-based Optum
Bengaluru-based banking technology startup Zeta has raised USD 50 million in equity funding from US-based healthcare and financial services firm Optum. The firm will be valued at USD 2 Billion post this investment compared to around USD 1.45 billion when it last raised capital in 2021.The company, started in 2015 by serial entrepreneur Bhavin Turakhia and long-term associate of the group Ramki Gaddipati, offers a cloud-native, full-stack banking technology platform, with operations in India and the US.Earlier, the firm raised USD 340 million from SoftBank and Mastercard.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
