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Zeta becomes a unicorn with $250 million SoftBank-led funding – TechCrunch
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Banking start-up Zeta achieves unicorn status after $250 mn SoftBank funding
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Zeta is unicorn as valuation quadruples after SoftBank funding
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SoftBank lines up over $1 billion in Q1 to fuel startup boom © Provided by The Times of India
BENGALURU: India’s internet economy is booming with marquee global investors putting money here like never before.
At a time like this, SoftBank, one of the most influential tech investors, can’t stay quiet for too long. It is set to invest close to $1.2 billion in Indian startups in the first quarter of the current financial year, two sources aware of the matter said.
This is in line with SoftBank’s global approach where it made several big-ticket investments in tech startups last week.
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Indian Fintech Zeta Might Soon Join Growing List of Unicorns when it Finalizes Potential $250M Series D from Softbank Fund
Banking technology firm
Zeta is reportedly getting closer to achieving Unicorn status (valued at $1 billion or more) as it continues to work with varous investors in order to close a new funding round, according to TechCrunch which cited sources familiar with the matter.
SoftBank Vision Fund 2 is now in the later or advanced stages of discussions that may involve leading a (approximately) $250 million Series D investment round in the 5-year-old company, the sources revealed.
The suggested investment proposal may value the Indian company, co-founded by entrepreneur