Mumbai-based Z3Partners has announced the final close of its fund at Rs 550 crore. The fund will primarily invest in eight to ten early-growth, digital and tech start-ups with a ticket size of Rs. 50–80 crore ($6 - 10 million).

According to a company statement, it has already made five investments. The portfolio includes cybersecurity start-up Cyfirma, social e-commerce firm DealShare, agri-tech platform Gramophone, SaaS-based logistics management leader Shipsy, and AI-led celebrity engagement platform True-Fan. Among its portfolio companies, Bengaluru-based DealShare turned Unicorn in 2022 after bagging a $165 million investment in a Series E financing round.

Multiple global and domestic institutions and family offices including HDFC Life and SIDBI contributed to the fund. The existing investor base will look to add immense strategic value to Z3Partners’ portfolio of leading start-ups.

Z3Partners works as an investor-operator and claims to engage closely with founders to help them refine their GTM and makes customer introductions to accelerate growth. Additionally, it has also stated to lend support from time to time in helping its portfolio companies with digital and product marketing strategy and developing and retaining senior talent.

Founded in 2019 by Gautam Patel, Z3Partners onboarded Rishi Maheshwari as co-founder and managing partner (MP). 

Talking about the latest development, Patel said, “At Z3Partners, we try to identify the most disruptive and cutting-edge start-ups and provide them with the necessary support to grow into market leaders. The same philosophy is reflected across our LP base too, with institutions 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 and managing partner (MP), said, “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.”