- HDFC, India’s leading life insurance company, has invested in ‘Z3Partners Tech Fund’ – a venture capital (VC) fund focused on technology and digital investments.
- Z3Partners wants to build a portfolio of 8-10 companies
- Z3Partners raises ₹500 crore for Z3 Partners Tech Fund.
- The fund invests £35m to £80m in early-stage growth digital start-ups.
HDFC Life, one of India’s leading life insurance companies, has invested in a new fund from Z3Partners called ‘Z3Partners Tech Fund’, a venture capital (VC) fund focused on technology and digital investments.
The fund will invest in and nurture technology and digital entrepreneurs in India. Z3 Partners, which is currently raising this INR 500 million fund, has already backed start-ups such as Cyfirma, Gramophone, Shipsy and
Z3Partners was founded by Gautam Patel, whose previous investments include
“We are excited to have HDFC Life on this journey to invest in the best technology and digital companies backed by world-class entrepreneurs. We believe this venture will translate into providing support and leadership to the Indian start-up ecosystem,” said Patel.
Z3Partners has invested in unicorn DealShare and wants to create a portfolio of 8-10 companies in fintech. The technology fund invests ₹ 35 crore to ₹ 80 crore in early-stage shortlisted companies.
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