HDFC Life invests in Z3Partners Tech Fund

HDFC Life announced its recent investment in Z3Partners new fund named Z3Partners Tech Fund, which is a tech and digital investment focused Venture Capital fund, aiming to back highest quality tech and digital entrepreneurs and investing Rs. 35-80 crore at early growth stage.

Z3Partners said, “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 already backed best quality startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan.”

Z3Partners is currently raising this Fund of Rs. 500 crore, of which the fund has already announced its second close at Rs 250 crore last year and is on track to do the final close this year.

Gautam Patel, Managing Partner, Z3Partners, said, “HDFC Life’s 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.”