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As clean-up drags on, capital area looks ahead to the next storm

It s often a tough job to clean up following a hurricane. Homeowners, business owners, and crews are navigating downed trees and power lines. In Friday s 183 Days of Hurricane Season piece, 2 On Your Side s Brittany Weiss tells us what s at stake for people responding after a storm and whether an ice storm may have prepared them for the next big storm. ....

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ETtech Deals Digest: One new unicorn, One big deal

Banking tech firm Zeta became the 14th Indian unicorn so far this year after raising $260 million from SoftBank and others. Tata Sons has made its acquisition of BigBasket official. ....

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How private equity major SoftBank's investment into Zeta made it India's newest unicorn startup.

Image: Special Arrangement
Two days after signing a $250 million deal with SoftBank, the 41-year-old Bhavin Turakhia is busy planning his expansion moves, sitting in Dubai. The investment by Japanese private equity behemoth has more than tripled the valuation of his banking technology startup firm Zeta and made it a unicorn, the 14th in India so far in 2021.
“We are truly excited,” Turakhia, CEO and co-founder, tells
Fortune India.
Turakhia, a serial entrepreneur from Mumbai who made his fortune through exits, is excited about the journey because he has never raised any kind of venture capital, angel investment, growth fund, or private investment in the past, for any of the four companies he founded. “This is the first time ever in my lifetime that I have gone for institutionalised fundraising. And it is the one of the largest single funding raises by a banking tech start-up globally,” he says. ....

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14th unicorn rises

From Zeta becoming India s latest startup unicorn to Food delivery firms facing curbs and upGrad buying Impartus, here s a quick look at the top tech news today. ....

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Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation

Banking technology startup Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round.
Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
The proceeds of this funding round will be used to accelerate Zeta’s growth in the United States, Europe and India, including scaling its operations, team, and platform to meet the demands of its expanding customer base. ....

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