 "HDFC Life invests in 'Z3Partners Tech Fund' to aid digital entrepreneurs")
Life insurance firm HDFC Life has invested in Z3Partners’ new fund, ‘Z3Partners Tech Fund’, which is a tech and digital investment-focused Venture Capital (VC) fund.
Z3 Partners, which is currently raising funds to the tune of Rs 500 crore, has already backed startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan.
Z3Partners is founded by Gautam Patel whose prior investments have been BigBasket, MedGenome, OFBusiness, Pepperfry, etc. The Fund announced its second close of Rs 250 crore last year and is on track to do the final close this year.
Gautam Patel, Managing Partner, Z3Partners, said: “HDFC Life is one of the most respected and credible financial institutions in India. 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 endeavour will translate into providing support and leadership to the Indian startup ecosystem.”
Z3Partners invests in early growth digital and tech companies. The Z3Partners Tech Fund invests Rs 35-Rs 80 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%