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Zeta Picks up Stake in ZingHR | ||
Bangalore, Karnataka, India Zeta, a fintech pioneer in digitised employee benefits solutions, has made a equity investment in ZingHR, a cloud services provider, for an undisclosed amount. ZingHR will also now offer its clients Zeta’s digital employee benefits solutions such as meal vouchers, paperless claims for medical, LTA, fuel, mobile and so on.
This investment will bolster equity infusion along with existing investors Triton. With funding from Zeta, ZingHR will now further expand its business and build its technology.
Commenting on the ZingHR investment, Bhavin Turakhia, CEO & Co-founder, Zeta said, “ZingHR is going through an interesting phase in the cloud-based market. Their growth journey has been quite impressive. Since Zeta’s inception, our product portfolio has grown exponentially and we’ve added 1000 corporate clients. We are excited about this phase as we see lot synergies with ZingHR to further expand the reach of digitised solutions across the globe.” On this occasion, Mr. Prasad Rajappan, Founder & CEO, ZingHR said, “We are thrilled about this strategic partnership. We believe that, with Zeta, we can achieve significant business transformations with cloud-based HR processes effectively. We are confident that together, we will empower businesses across geographies and acquire more customers.”
Launched in April 2015, Zeta has over 350 employees spread over 11 Indian cities: Mumbai, New Delhi, Hyderabad, Bangalore, Chennai, Pune, Kolkata, Nashik, Baroda, Kochi and Ahmedabad. Our corporate clientele includes over 850 clients across industries ranging from large conglomerates to small start-ups. Zeta is ISO certified and PCI-DSS compliant.
To know more about Zeta, log on to www.zeta.in or follow @ZetaIndia on Twitter, Facebook and Linkedin.
About ZingHR ZingHR is known for its disruptive innovations in the human capital management domain serving 6 lakh+ employees across BFSI, IT-ITES, retail, services, manufacturing, pharma, education industries. Its hire-to-retire modules encompass all facets of an employee life cycle right from hiring, onboarding, time & attendance, expense claims, payroll, compliance, performance management, and learning till separation. ZingHR currently has over 600,000 employee records processed across 400+ customers across India, Middle-East and Singapore.
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