Sodexo Benefits and Rewards India (BRS India), the leader in Digital employee benefits solutions in India, and Zeta, a leading provider of employee benefit services today announced that they are merging their India operations, subject to regulatory approvals.
This merger will bring together Sodexo’s domain expertise, proprietary merchant network and Zeta’s advanced technology capabilities creating a stronger business platform that will offer more sophisticated and new-age solutions in the employee benefits space to corporates across India.
Anish Sarkar, Chief Executive Officer, Sodexo BRS India said “The employee benefits market in India still has a lot of headroom for growth. Sodexo has embarked on a journey to provide our clients the best consumer experience by combining our world-class customer service delivery expertise with the state-of-the-art digital platform and suite of solutions that Zeta has developed. With this merger, we aim to grow this market manifold in the coming years. The same applies to our merchant partners, wherein we will continue to accompany them in the development of their businesses and contribute to the “Digital India” program.”
“Sodexo has started to partner with ZETA in India 2 years ago and we are very happy with the results of our common work here. It has brought value to all our stakeholders, Clients, Consumers and Merchants. We have already started to work together outside India and we are happy to expand and strengthen our partnership with Zeta.”, said Sebastien Godet, ASIA President, Sodexo Benefits and Rewards Services.
Bhavin Turakhia, CEO & Co-founder Zeta, said “Our technology has already brought about a revolutionary change in the employee benefits space. With the merger and a deeper partnership with Sodexo, we are confident we will be able to offer the best experience to all our customers. Our platform enables creation of tailor-made consumer experiences and can scale up to billions of transactions per day. Zeta’s technology is deeply integrated with Sodexo and the merger will enable both teams to work even more closely to develop innovative solutions.
Sodexo & Zeta entered into a strategic partnership in May 2017 wherein Sodexo’s digital employee benefit solutions would be powered by Zeta’s technology platform. Sodexo became a 100% digital employee benefits company in February 2018 and has leveraged Zeta’s technology platform to launch a complete suite of B2B solutions, the latest being the next-gen multi-benefit solution that was launched in June 2019. Together the two businesses serve close to 14,000 clients and 3.5 million consumers.
About Sodexo Benefits and Rewards Services, India:
The Sodexo group works towards improving the quality of daily life for employees, partners and customers across the world. Sodexo BRS India’s No.1 Employee Motivation & Benefits Services provider is a partner to over 11,000+ HR Leaders. Our fully-compliant Multi-Benefit Digital Solutions are customized to meet specific needs of organizations and help them develop their best motivated workforce.
Sodexo BRS India offers a range of 100% Digital Employee Benefit Solutions, designed to drive superior employee experience. The meal benefit offerings include Meal Cards, & Cafeteria Cards. The company’s fully-digital Gifting & Recognition offerings include the Premium Pass range of solutions that include the Premium Pass Celebrations for festive gifting & Premium Pass Rewards for ongoing Reward & Recognition programs. The company also has a revolutionary virtual B2B gifting solution, Sodexo Premium Pass – Virtual Card. Sodexo reaches out to over 3 million daily consumers in India across 1,700+ cities nationally including tier 3 & tier 4 cities making it India’s largest Digital Meal Benefit Network with over 100,000 unique points of acceptance.
Zeta® is in the business of providing (1) Cloud native neo-banking platform for issuance of credit, debit and prepaid products that enable legacy banks and corporations to launch engaging retail and corporate products, and (2) Digitised solutions to enterprises such as automated cafeteria, employee gifting, R&R. Co-founded by Bhavin Turakhia (CEO) and Ramki Gaddipati (CTO), Zeta currently provides its platform and products to corporates in India, Asia, LATAM. Zeta’s products are used by banks like RBL Bank, IDFC First Bank and Kotak Mahindra Bank, 14000 corporates and over 2 million users. Zeta is a SOC 2, ISO 27001, ISO 9008, PCI DSS certified company. Zeta has over 450 employees and clocks over 1 million transactions per day. To know more about Zeta, log on to www.zeta.in or follow Zeta on Twitter, Facebook, and LinkedIn