Company:Zeta India

From HandWiki

Zeta
Type of businessPrivately held company
Founded2015
HeadquartersBangalore, India
Founder(s)Bhavin Turakhia
Ramki Gaddipati
Key peopleBhavin Turakhia (CEO)
Ramki Gaddipati (CTO)
ParentDirecti
Websitewww.zeta.in
CommercialYes
RegistrationRequired
Current statusOnline

Zeta is an Indian FinTech company, co-founded by entrepreneurs Bhavin Turakhia and Ramki Gaddipati in 2015. The company offers digitized enterprise solutions for employee tax benefits, automated cafeterias, employee gifting and digital payments. It is available on iOS and Android.[1][2][3][4][5] It is owned by Directi.[6] Zeta currently has 1.4 million active users.[7][8]

History

The company was founded in April 2015 by Bhavin Turakhia[9] and Ramki Gaddipati.[10] In 2016, Bhavin Turakhia invested around $19 million into Zeta.[11] Initially, Zeta payments was only supported by the MasterCard network but later the company also tied-up with the National Payments Corporation of India's RuPay.[12] In June 2017, the company invested 5-10 crore to buy a minority stake in an HR solutions company called ZingHR.[13][14] Zeta has partnerships with IDFC Bank,[15] Sodexo,[16] Excelity Global,[17] Kotak Mahindra Bank[18][19] and RBL Bank.[12] Zeta launched the first employee benefits survey in India along with Nielsen Holdings in April 2018.[20] It also bought a minority stake in PeopleStrong in January 2018.[21]

Awards and recognition

  • Selected as one of the Emerge 50 startups by NASSCOM[22]
  • FinTech Rising Stars at India FinTech Awards 2017 by India FinTech Forum[23]
  • BusinessWorld Techtors Award 2018[24]

See also

References

  1. ↑ Dasgupta, Brinda (2016-01-07). "Zeta rolls out app-based meal vouchers". Economic Times (India). https://economictimes.indiatimes.com/small-biz/startups/zeta-rolls-out-app-based-meal-vouchers/articleshow/50481469.cms. 
  2. ↑ John, Jessu (2016-02-03). "Directi unveils Zeta digital meal vouchers, sees ?8,000-cr market potential". The Hindu Business Line. http://www.thehindubusinessline.com/info-tech/directi-unveils-zeta-digital-meal-vouchers-sees-8000cr-market-potential/article8189316.ece. 
  3. ↑ Saraswathy, M (2017-09-22). "This festive season, corporate gifting for employees goes digital". Moneycontrol.com. http://www.moneycontrol.com/news/business/economy/this-festive-season-corporate-gifting-for-employees-goes-digital-2393025.html. 
  4. ↑ Singh, Arti (2016-01-07). "How Bhavin Turakhia is trying to disrupt corporate meal voucher business". VCCircle. http://techcircle.vccircle.com/2016/01/07/how-bhavin-turakhia-is-trying-to-disrupt-corporate-meal-voucher-business/. 
  5. ↑ Bhakta, Pratik (2016-11-23). "Mobile wallet firm Zeta launches new card with more safety features". Economic Times (India). https://economictimes.indiatimes.com/small-biz/startups/mobile-wallet-firm-zeta-launches-new-card-with-more-safety-features/articleshow/55582137.cms. 
  6. ↑ Dasgupta, Brinda (2016-01-07). "Mobile wallet firm Zeta launches new card with more safety features". Economic Times (India). https://economictimes.indiatimes.com/small-biz/startups/zeta-rolls-out-app-based-meal-vouchers/articleshow/50481469.cms. 
  7. ↑ Chowdhary, Sudhir (18 April 2018). "Start-up: Zeta clocks more than 14 million monthly transactions". The Financial Express. https://www.financialexpress.com/industry/technology/start-up-zeta-clocks-more-than-14-million-monthly-transactions/1136508/. 
  8. ↑ Saraswathy, M. (27 February 2018). "Zeta looks to reach 2.5 million users in FY19". Moneycontrol.com. https://www.moneycontrol.com/news/business/economy/zeta-looks-to-reach-2-5-million-users-in-fy19-2516597.html. 
  9. ↑ Balachandran, Manu (2016-08-23). "The world’s newest billionaires are two Indian brothers who founded a tech company in their teens". Quartz. https://qz.com/763927/the-worlds-newest-billionaires-are-two-brothers-from-india-who-started-out-as-nerds/. 
  10. ↑ "Bhavin Turakhia now bets on Zeta" (in 2016-09-30). The Times of India. http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=Bhavin-Turakhia-now-bets-on-Zeta-30092016026023. 
  11. ↑ "Directi's Turakhia now bets on cloud venture Zeta". The Times of India. 2016-09-30. https://timesofindia.indiatimes.com/companies/Directis-Turakhia-now-bets-on-cloud-venture-Zeta/articleshow/54597514.cms. 
  12. ↑ 12.0 12.1 "Zeta ties up with RuPay for broader acceptance network". Economic Times (India). 2017-04-11. https://economictimes.indiatimes.com/industry/banking/finance/banking/zeta-ties-up-with-rupay-for-broader-acceptance-network/articleshow/58128834.cms. 
  13. ↑ Singh, Arti (2017-06-29). "Bhavin Turakhia’s digital meal voucher venture Zeta backs ZingHR". VCCircle. https://www.vccircle.com/bhavin-turakhias-digital-meal-voucher-venture-zeta-backs-zinghr/. 
  14. ↑ "Zeta Picks Up Stake in ZingHR for an Undisclosed Amount". BusinessWorld. 2017-06-29. http://bwdisrupt.businessworld.in/article/Zeta-Picks-Up-Stake-in-ZingHR-for-an-Undisclosed-Amount/29-06-2017-121081/. 
  15. ↑ Bhakta, Pratik (2017-08-09). "IDFC Bank partners with Zeta for digital payments solution". Economic Times (India). https://economictimes.indiatimes.com/industry/banking/finance/banking/idfc-bank-partners-with-zeta-for-digital-payments-solution/articleshow/59983510.cms. 
  16. ↑ Pratap, Ketan (2017-05-23). "Sodexo Partners Zeta to Offer Employee Benefits Through Card, Other Digital Solutions". NDTV. http://gadgets.ndtv.com/others/news/sodexo-partners-zeta-for-employee-benefits-1697110. 
  17. ↑ "Excelity Global partners with Zeta". India Today. 2017-06-08. http://indiatoday.intoday.in/story/excelity-global-partners-with-zeta/1/973885.html. 
  18. ↑ "Kotak Bank, Zeta launch digital prepaid solution for employees". New Indian Express. 2017-09-17. http://www.newindianexpress.com/pti-news/2017/oct/17/kotak-bank-zeta-launch-digital-prepaid-solution-for-employees-1676445.html. 
  19. ↑ "Payments tech co Zeta ties up with Kotak Mahindra to tap corporates". Economic Times (India). 2017-09-17. https://economictimes.indiatimes.com/small-biz/startups/payments-tech-co-zeta-ties-up-with-kotak-mahindra-to-tap-corporates/articleshow/61111334.cms. Retrieved 23 October 2017. 
  20. ↑ Sarkar, Brinda (23 April 2018). "62% of salaried employees find paper bills time-consuming: Study". The Economic Times. https://economictimes.indiatimes.com/jobs/62-of-salaried-employees-find-paper-bills-time-consuming-study/articleshow/63887029.cms. 
  21. ↑ Guptoo, Bishwaroop (16 January 2018). "Bhavin Turakhia-promoted Zeta puts funds in PeopleStrong HR Services". The Times of India. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/bhavin-turakhia-promoted-zeta-puts-funds-in-peoplestrong-hr-services/articleshow/62517366.cms. 
  22. ↑ Modqil, Shweta (2017-11-03). "Nasscom Announces Emerge 50 Winners: The Top 50 Most Innovative Indian Startups". inc42.com. https://inc42.com/buzz/nasscom-emerge-50-startups/. 
  23. ↑ "GLIMPSES OF IFTA 2017". https://indiafintech.com/. Retrieved 2017-12-11. 
  24. ↑ Waqar, Ahmed Fahad (24 August 2018). "A Company With A Futuristic View". BusinessWorld. http://www.businessworld.in/article/A-Company-With-A-Futuristic-View/28-06-2018-153327/. 

External links




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