Z3Partners announces successful final fund close of Rs 550 crore for new investments

Z3Partners announces final close of Fund at Rs 550 Crore

– Z3Partners, a venture capital firm, has successfully closed its fund at a final amount of Rs 550 crore.
– The fund has attracted investment from reputable institutional investors such as HDFC Life and SIDBI.
– The firm has already made five investments, with one of them, DealShare, becoming a unicorn.
– Rishi Maheshwari has joined the firm as a Managing Partner.
– Z3Partners has established a reputation for supporting high-quality technology and digital entrepreneurs.
– The firm plans to invest between Rs 50-80 crore at the early-growth stage and aims to invest in 8-10 companies in sectors such as SaaS, Fintech, eCommerce, B2B Commerce, Agritech, Big Data, and Tech-enabled.

Mumbai, January 17, 2023: Z3Partners, a leading Indian venture capital firm, has successfully closed its latest fund at INR 550 crore ($75 million), and plans to invest in 8-10 early-growth stage startups in the technology and digital sectors. The fund has already made five investments, including in DealShare, which recently achieved unicorn status with a $165 million Series E round, as well as in other companies such as Cyfirma, Gramophone, Shipsy, and True-Fan. With a focus on sectors such as SaaS, fintech, ecommerce, B2B commerce, agritech, big data, and tech-enabled businesses, Z3Partners aims to support the growth of innovative and disruptive startups.

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Prominent investors both internationally and within India, such as HDFC Life and SIDBI, have taken part in the Z3Partners Fund, which has now reached its final close at Rs 550 crore. These investors are expected to provide significant strategic support to the startups in Z3Partners’ portfolio.

Z3Partners, a leading investor-operator, is committed to providing significant support to its portfolio companies by working closely with founders to refine their go-to-market strategies, making key customer introductions, and supporting digital and product marketing efforts. Additionally, the Fund is dedicated to helping its portfolio companies with senior talent development and retention, with the ultimate goal of building long-term, sustainable and profitable businesses. The Fund goes beyond providing just growth capital and is actively involved in the day-to-day operations and success of its portfolio companies.

Z3Partners, founded by Gautam Patel in 2019, is a leading early-growth stage investor-operator that focuses on investing in Series A/B stage companies (like Bigbasket, MedGenome, OfBusiness, Pepperfry, etc.) in the technology and digital sectors. With a portfolio of successful investments and over 90 years of collective experience, the team specializes in supporting SaaS, Fintech, eCommerce, B2B Commerce, Agritech, Big Data, Consumer-tech, and other tech-enabled startups on their path to becoming industry leaders. The fund is committed to providing not just growth capital, but also hands-on support and guidance to help founders build long-term, sustainable, and profitable businesses.

Z3Partners has announced the addition of Rishi Maheshwari as Co-founder and Managing Partner. Rishi brings with him over 18 years of experience in investment management and investment banking, having worked across the United States, India and emerging markets. He has a track record of holding senior management and board positions in various organizations both domestically and internationally.

Gautam Patel, Founder & Managing Partner says, “At Z3Partners, our vision is to identify the most disruptive and cutting edge startups and provide them with necessary support to grow into market leaders. The same philosophy is reflected across our LP based too, with market leaders like HDFC Life and SIDBI as our Fund investors; resulting in a final close well ahead of schedule. We are also delighted to welcome Rishi to Z3Partners. He and I invested in BigBasket together and are looking forward to building Z3Partners into the premium digital and tech investment platform of choice in India.”

Rishi Maheshwari, Co-founder & Managing Partner, says, “Through my time with Goldman Sachs in US, and private & public growth investing thereafter, I have had the privilege to build a strong understanding of, and supportive ecosystem across, both developed and emerging economies. Hence 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.”