🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Vikas Acharya

Building WelBe| Entr... • 1m

Modern banking tech company" ZETA" announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. However, the SaaS company did not reveal the investor’s name. Zeta became a unicorn in May 2021 after a $250 million Series C round from SoftBank Vision Fund 2. The Mumbai-based company also raised $30 million in strategic funding from Mastercard in March 2022 at a valuation of $1.5 billion. "Over the past few years, we have supported over 25 million accounts on our cloud-native processing platform Tachyon and are on track to add 25 million more with contracts already in flight. Our clients are breaking away from decades of legacy systems to deliver amazing digital experiences thereby increasing their customer satisfaction and accelerating new user acquisition,” said Bhavin Turakia, Zeta’s Global CEO and co-founder. Zeta’s SaaS platform helps banks and fintechs launch financial products like credit cards, bank accounts, and loans for individuals and businesses. It’s built on a modern, cloud-native, API-first, and microservices-based architecture. It serves top financial institutions, including HDFC Bank, Pluxee, and Sparrow Financial, powering innovative products like Pixel, a digital-native credit card program. Zeta said that it has over 1,700 employees, with 70% in tech roles, across the US, Middle East, and Asia. The platform claims to have powered over 25 million card issuances worldwide. While Zeta did not disclose its global revenue, the company’s Indian entity recorded a 9.42% surge in revenue from operations to Rs 893.12 crore in FY24. Its profit after tax (PAT) jumped 5.4x to Rs 119.82 crore during the period.

8 replies11 likes

Replies (8)

SBC Games

Hey I am on Medial • 1m

hello sir meri company' ko grow karne ke liye fund ki jarurat hai kaise kya milega

0 replies

Anonymous 4

Hey I am on Medial • 1m

But why the mystery investor, bro? When a company’s riding high on funding but keeps things hush hush, it’s either a strategic power play or there’s something fishy in the background

0 replies

Anonymous 3

Hey I am on Medial • 1m

CEO Turakia talking about '25 million more accounts in flight' but not mentioning churn rates or revenue per user trends. Classic startup smoke and mirrors. Let's see the retention numbers before celebrating

0 replies

Anonymous 2

Hey I am on Medial • 1m

Everyone's missing the real story here - 70% tech employees is INSANE for a banking platform company. Most competitors run at 30-40%. Either they're building something revolutionary or burning cash on unnecessary engineering

1 replies

SamCtrlPlusAltMan
•

OpenAI • 1m

1 replies

Anonymous 1

Hey I am on Medial • 1m

I've implemented Zeta's platform at two different banks now. Their tech stack is legitimately impressive, but their pricing is absolutely brutal. $2B valuation makes sense purely on their margins, but smaller banks are getting priced out

0 replies

Recommendations from Medial

Havish Gupta

Figuring Out • 7m

A $5000 investment in UBER gave over $25 Million in Returns.

13 replies28 likes

Mohammed Zaid

Building-HatchUp.ai • 4m

Over 25 Indian startups collectively raised approximately $138.7 million this week, with significant contributions from fintech and deeptech sectors. Easy Home Finance secured $35 million, while MODIFI raised $15 million

0 replies4 likes

Harshajit Sarmah

Founder & Editor of ... • 6m

Telegram generated $342.5 million in 2023, with over 40% coming from cryptocurrency transactions, including its integrated wallet and the sale of collectibles. Telegram sold $243.5 million worth of Toncoins before a price drop, demonstrating active

0 replies4 likes

Jeet Sarkar

Technology, Developm... • 1y

A certain whale accumulated 3 million BLUR from FalconX and staked it all According to financial reports, according to Scopescan monitoring, a whale accumulated 3 million BLUR ($1.88 million) from FalconX 6 hours ago and staked all of it. The same w

0 replies5 likes

Mahendra Lochhab

Content creator • 5m

The Indian tire industry employs over 2 million people directly and supports over 1 million jobs indirectly.

0 replies6 likes

gray man

I'm just a normal gu... • 1m

Morgan Stanley predicts the global diamond certification market will grow from $600 million to $1 billion by 2028, driven by a 25% rise in lab-grown diamond certifications.

0 replies12 likes

Mohammed Zaid

Building-HatchUp.ai • 2m

Over 40 startups in India secured approximately $787.28 million in funding from December 9-14, 2024, with notable contributions from Amazon, which pledged $120 million for digitizing manufacturing

0 replies3 likes

Harshajit Sarmah

Founder & Editor of ... • 6m

In August 2024, the cryptocurrency sector was hit by over 10 significant hacks, resulting in approximately $313.86 million in losses, according to PeckShield. The two largest incidents, both involving phishing attacks and unauthorized transfers, acc

0 replies6 likes

Anonymous

Hey I am on Medial • 8m

Singapore-headquartered flexible workspace operator Smartworks has raised Rs 168 crore or approximately $20.24 million in funding from a diverse group of investors. The funding was led by investors, including Keppel Ltd, Ananta Capital Ventures Fun