Sodexo, through its Benefits & Rewards Services (BRS) division, is in final talks to acquire a strategic minority stake in Indian fintech company Zeta.

As part of its on-going strategic initiatives, the acquisition will allow BRS to accelerate digitisation across its activities globally by strengthening its technology and development capabilities.

In addition, the acquisition of Zeta is expected to benefit the entire Sodexo group through its comprehensive technological suite of payment solutions.

Sodexo Benefits & Rewards Services CEO Aurelien Sonet said: “Our investment in Zeta will give us the opportunity to accelerate our digitisation journey globally.

“This investment will bring together the agility and technical skills of Zeta and Sodexo’s expertise in Employee Benefits Services to enhance the overall Employee Experience.”

The partners are currently in the process of deploying Zeta’s expertise across various BRS subsidiaries in Latin America and Asia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Zeta co-founders Bhavin Turakhia and Ramki Gaddipati has been funding the company since its inception and the latest investment will increase its valuation to $0.3bn.

Turakhia said: “Zeta’s vision is to accelerate the movement towards a world where payments are invisible. Today’s banking and fintech ecosystem requires cloud-native, privacy-aware, inherently secure, API first banking and payment solutions. With this new capital, Zeta would look at expanding its business in the US, UK, Europe and Southeast Asia.

“We have already begun hiring senior leadership in US & UK. We will be operating in over 20 countries with over 25 million users on our platform in the next two years.”