HDFC Life invests in tech fund to support digital entrepreneurs in India
- HDFC, India’s leading life insurance company has invested in ‘Z3Partners Tech Fund ’ – a tech and digital investment focused Venture Capital (VC) fund.
- Z3Partners wants to build a portfolio of 8-10 companies
- Z3Partners is raising ₹500 crore for the Z3 Partners Tech Fund.
- The fund invests ₹35 crore –₹80 crore at the early growth stage of a digital start-up.
AdvertisementHDFC Life, one of India’s leading life insurance companies, has invested in Z3Partners’ new fund named ‘Z3Partners Tech Fund’, a tech and digital investment focused Venture Capital (VC) fund.
The fund will invest in and nurture tech and digital entrepreneurs in India. Z3 Partners, which is currently raising this fund of ₹500 crore, has already backed start-ups like Cyfirma, Gramophone, Shipsy, and
Z3Partners was founded by Gautam Patel, whose prior investments include
“We are excited to have HDFC Life onboard for this journey to invest in the best tech and digital companies that are backed by world-class entrepreneurs. We believe this endeavor will translate into providing support and leadership to the Indian start-up ecosystem,” Patel said.
Z3Partners has invested in the unicorn DealShare and is looking to create a portfolio of 8-10 companies in fintech. The tech fund invests ₹35 crore - ₹80 crore in the early stages of the shortlisted companies.
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