Tech and digital investing venture Z3Partners has announced its final close of its Fund at Rs 550 crore. The Fund will primarily invest in 8 – 10 early-growth, digital and tech startups with a ticket size of Rs 50 – 80 crore ($6 – 10 million). Z3Partners has already made 5 investments – cybersecurity startup Cyfirma, social e-commerce firm DealShare, agri-tech platform Gramophone, SaaS-based logistics management leader Shipsy, and AI-led celebrity engagement platform True-Fan. DealShare, had also turned Unicorn in 2022 after its $165 million Series E financing round.

Domestic institutions and family offices have participated in the Fund, including HDFC Life and SIDBI. The existing investor base will look to add immense strategic value to Z3Partners’ portfolio of leading startups. Founded in 2019 by Gautam Patel, the venture has invested in companies such as Bigbasket, MedGenome, OfBusiness, Pepperfry.

Z3Partners also announces Rishi Maheshwari joining as Co-founder and Managing Partner. Rishi has over 18 years of investment management and investment banking experience across the U.S., India and Emerging Markets and has held several senior management and board positions in organisations locally and internationally.

Rishi Maheshwari, Co-founder & Managing Partner, says, “In my opinion, India continues to be an attractive investment destination coupled with the government’s focus on driving growth through digital transformation representing a unique and exciting time for venture investing. I am excited and look forward to working with Gautam in building Z3Partners into a world-class digital investment platform that backs the next generation of entrepreneurs.”

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