News for '-sachin-bansal-of-flipkart'

How Zeta acquired Unicorn status in the very first round of funding

Rediff.com14 Jul 2021

In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.

Jaitley's pre-Budget meeting with IT sector on Jan 14

Rediff.com10 Jan 2015

IT sector has lots of hope from the Union Budget 2014-15.