Zeta picks up stake in ZingHR

MUMBAI: Bhavin Turakhia and Ramki Gaddipati led fintech company, Zeta has made an 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, according to the company’s founder Bhavin Turakhia, 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 a lot synergies with ZingHR to further expand the reach of digitised solutions across the globe.”

Prasad Rajappan, Founder & CEO, ZingHR commented, “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.”