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Indian Fintech Unicorn Zeta Reveals its Card Processing Business Grew to 10M+ Cards, 300M+ Transactions Per Year

Indian Fintech Unicorn Zeta Reveals its Card Processing Business Grew to 10M+ Cards, 300M+ Transactions Per Year
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Las Vegas , United States , Bhavin Turakhia , Indian Fintech Zeta , Omni Stack ,

How private equity major SoftBank's investment into Zeta made it India's newest unicorn startup.


Image: Special Arrangement
Two days after signing a $250 million deal with SoftBank, the 41-year-old Bhavin Turakhia is busy planning his expansion moves, sitting in Dubai. The investment by Japanese private equity behemoth has more than tripled the valuation of his banking technology startup firm Zeta and made it a unicorn, the 14th in India so far in 2021.
“We are truly excited,” Turakhia, CEO and co-founder, tells
Fortune India.
Turakhia, a serial entrepreneur from Mumbai who made his fortune through exits, is excited about the journey because he has never raised any kind of venture capital, angel investment, growth fund, or private investment in the past, for any of the four companies he founded. “This is the first time ever in my lifetime that I have gone for institutionalised fundraising. And it is the one of the largest single funding raises by a banking tech start-up globally,” he says. ....

New York , United States , United Arab Emirates , Republic Of , City Of , United Kingdom , Ramki Gaddipati , Bhavin Turakhia , Munish Varma , Softbank Vision Fund , Axis Bank , Indusind Bank , Kotak Mahindra Bank , Sodexo Benefits , Omni Stack , Yes Bank , Mumbai Based Avendus Capital , North America , Latin America , Zeta Tachyon , Zeta Tachyon Loans , Zeta Tachyon Deposits , Zeta Tachyon Mobile , Softbank Investment Advisers , Middle East , Startup Funding ,