SoftBank backed Unicorn Zeta crosses Rs 800 Crore revenue in FY23, turns profitable

HomeStartupSoftBank backed Unicorn Zeta crosses Rs 800 Crore revenue in FY23, turns...

Published on

October 30, 2023

Zeta India, a banking tech firm, turned profitable in the fiscal year ending March 2023.
Its revenue from operations grew by 32.7% to Rs 816 crore in FY23 from Rs 615 crore in FY22.
It offers services such as credit and debit card processing, and APIs to operate natively within cloud-native apps.
Zeta’s employee benefits accounted for 79% of its overall expenditure in FY23.
The company posted Rs 22 crore in profits during FY23, compared to a loss of Rs 21 crore in FY22.
Zeta became a unicorn in May 2021 after a $250 million funding round led by SoftBank.