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.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor