About ZET
ZET is a company based in Bengaluru (India) founded in 2019 by Yash Desai and Manish Shara. It operates as a FinTech, and Subscription Services. ZET has raised $18.52 million across 4 funding rounds from investors including Nexus Venture Partners, Appyhigh and Conran. The company has 115 employees as of May 16, 2024. ZET offers products and services including SBM ZET Credit Card and Credit Builder Membership. ZET operates in a competitive market with competitors including TransUnion, Equifax, Perfios, Credit Information Bureau and Transunion CIBIL, among others.
- Headquarter Bengaluru, India
- Employees 115 as on 16 May, 2024
- Founders Yash Desai, Manish Shara
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vistas Technolabs Private Limited
- Date of Incorporation 26 Mar, 2019
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$3.05 M (USD)1790.63as on Mar 31, 2022
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Net Profit
$-114.59 K (USD)-187.27as on Mar 31, 2022
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EBITDA
$-116.27 K (USD)-119.27as on Mar 31, 2022
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Total Equity Funding
$18.52 M (USD)
in 4 rounds
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Latest Funding Round
$13 M (USD), Series A
Mar 31, 2022
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Investors
Nexus Venture Partners
& 38 more
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Employee Count
115
as on May 16, 2024
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Products & Services of ZET
ZET offers a comprehensive portfolio of products and services, including SBM ZET Credit Card and Credit Builder Membership. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An FD-backed credit card for building credit scores.
Personalized guidance provided to improve credit scores quickly.
Unlock access to complete
Funding Insights of ZET
ZET has successfully raised a total of $18.52M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $13.0M
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First Round
First Round
(20 Feb 2020)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - ZET | Valuation | General Catalyst , Sequoia Capital | |
| Jul, 2021 | Amount | Series A - ZET | Valuation | WaterBridge , Nexus Venture Partners | |
| Jul, 2020 | Amount | Seed - ZET | Valuation | WaterBridge , Appyhigh |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ZET
ZET has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nexus Venture Partners, Appyhigh and Conran. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech investments are focused on by WaterBridge in India.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ZET
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ZET
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zet Comparisons
Competitors of ZET
ZET operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TransUnion, Equifax, Perfios, Credit Information Bureau and Transunion CIBIL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of credit scoring data for consumers and businesses
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| domain | founded_year | HQ Location |
Credit score data is provided online for businesses and individuals.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Credit scoring data and customer information provider
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| domain | founded_year | HQ Location |
Credit scores and reports are supplied for loan assessments.
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| domain | founded_year | HQ Location |
Provider of a credit scoring solution for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zet
Frequently Asked Questions about ZET
When was ZET founded?
ZET was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is ZET located?
ZET is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ZET?
Manish Shara is the current CEO of ZET. They have also founded this company.
Is ZET a funded company?
ZET is a funded company, having raised a total of $18.52M across 4 funding rounds to date. The company's 1st funding round was a Seed of $495.16K, raised on Feb 20, 2020.
How many employees does ZET have?
As of May 16, 2024, the latest employee count at ZET is 115.
What is the annual revenue of ZET?
Annual revenue of ZET is $3.05M as on Mar 31, 2022.
What does ZET do?
ZET is engaged in providing financial solutions to improve credit scores for individuals in India. Services are offered through products like the SBM ZET Credit Card, which is FD-backed, and the Credit Builder Membership, providing personalized guidance. The company operates in the financial services sector, targeting credit building and financial inclusion. Tools and educational resources are provided to support users in achieving a 750 credit score, enabling better loan terms and financial opportunities.
Who are the top competitors of ZET?
ZET's top competitors include TransUnion, Perfios and Equifax.
What products or services does ZET offer?
ZET offers SBM ZET Credit Card and Credit Builder Membership.
Who are ZET's investors?
ZET has 39 investors. Key investors include Nexus Venture Partners, Appyhigh, Conran, WaterBridge Ventures, and General Catalyst.
What is ZET's valuation?
The valuation of ZET is $64.3M as of Mar 2022.