Zeta Tech
Zeta, founded in 2015 by Bhavin Turakhia and Ramki Gaddipati, sells a cloud-native platform to banks and fintechs for launching and running credit and debit card programs, loans, deposit accounts, core banking and digital banking apps. Its customers include HDFC Bank in India and Sparrow Financial in the US, and it says more than 25M cards have been issued on its platform. SoftBank Vision Fund 2 led a $250M round in 2021 that valued Zeta at $1.45B, Mastercard invested $30M in 2022, and Optum invested $50M in Feb 2025 at a $2B valuation. Zeta reported FY24 revenue of about ₹893 crore (≈US$93M) and a net profit of about ₹119 crore (≈US$12M).
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