Bengaluru-based Zeta has invested around ₹10 Crore in purchasing a minority stake in software company ZingHR, which deals with the human resources solutions. After the investment, Zeta is looking forward to interacting with the employees that ZingHR serves through its corporate clients.
Bhavin Turakhia, co-founder of Zeta mentioned that “We have picked up less than 9% stake in ZingHR and by virtue of that, ZingHR will be exclusively offering Zeta’s digital employee benefits solutions to their entire customer base, this partnership comes in the back of our tie up with Sodexo and we believe these initiatives will help us increase our customer base rapidly. We have been reporting a 15% month-on-month growth in acquisition of corporate clients to use our employee benefits and increasing our user base by around 25% per month,”
Moreover, ZingHR has also raised funds from its existing investor Triton. The company is planning to utilise this funds to expand its client base and strengthen technology platform.