HDFC Life Invests in Digital and Tech focussed VC Fund of Z3Partners

On Jul 11, 2022

Aims to back highest quality tech and digital entrepreneurs
Z3Partners is currently raising the Z3Partners Tech Fund of Rs. 500 crore
The Fund announced its second close at Rs. 250 crore
Invests Rs. 35 – 80 crore at early growth

HDFC Life, one of India’s leading life insurance companies has invested in Z3Partners’ new fund named ‘Z3Partners Tech Fund’ which is a tech and digital investment focused Venture Capital (VC) fund. The objective is to invest in and nurture the highest quality tech and digital entrepreneurs in India. Z3 Partners, which is currently raising this Fund of Rs. 500 crore, has alrady backed best quality 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. Z3Partners invests in market-leading tech and digital startups which are focused on exponential growth and proven unit-economics and are servicing large addressable markets by leveraging world class execution and disruptive tech solutions.

The Fund announced its second close of Rs. 250 crores last year and is on track to do the final close this year.

Gautam Patel, Managing Partner, Z3Partners, says, “HDFC Life is one of the most respected and credible financial institutions in India. Their high governance and quality standards reflect in every aspect of their business. 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. 35-80 crores. Given the operating backgrounds of the team at Z3Partners they work closely with their portfolio companies. With a Unicorn already in the portfolio (DealShare), Z3Partners is performing extremely well with an aim to build a portfolio of 8-10 companies.

Z3Partners are India market leader in tech and digital investing. The firm’s experience spans 20 years of investing and operating tech and digital businesses. Along this journey, they have been instrumental in helping entrepreneurs build large and profitable businesses. Z3Partners work on the philosophy of operating investors. They spend over 50% of their time with investee companies as their trustworthy partners. Z3Partners are known to back early trends, and discover teams and businesses that represent quality-at-scale and good governance, resulting in rewarding Fund’s investors with consistent and notewohy investment returns.

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