Investment plan

Hiranandani Group enters consumer tech with Rs 3,500 cr investment plan

Mumbai-based real estate group Hiranandani has announced its foray into technology-driven consumer services with its new venture ‘Tez Platforms’, set to launch this year, for an initial investment of around Rs 1,000 crore. And, over the next 2-3 years, he plans to invest around Rs 3,500 crore in the business.

The company will focus on big opportunities in social media, entertainment, gaming and esports, e-commerce, personal mobility, artificial intelligence and blockchain-related solutions.

“We have a roadmap to launch two highly sought-after services in 2022, followed by three more next year. Tez Platforms will leverage the synergies and talents of various Hiranandani Group entities, but also has ambitious plans to hire over 250 employees in FY23,” said Darshan Hiranandani, Chief Executive Officer of Hiranandani Group.

“Yotta Infrastructure will continue to be the vehicle for us to invest in the areas of cloud computing, interconnectivity, enterprise applications and enterprise cybersecurity technologies, which are enhanced by our data center deployments. hyperscale and edge.

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