Zeta, a banking startup, has become the latest unicorn after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.
Sodexo, a France-headquartered food service company, also participated as an additional minority investor in the round, with Avendus Capital acting as the financial advisor.
The funds will be used for scaling growth in the United States, Europe, and India. The unicorn is expected to expand the team, platform, and operations to meet the rising demand.
