Hiranandani Group to launch Tez Platforms with Rs 1k cr investment

The real estate major based in Mumbai, Hiranandani Group announced the foray into their technology-led consumer services via the new venture ‘Tez Platforms’, it is all set to be launched this year, having an initial outlay of around Rs 1,000 crore. Over the period of the next two or three years, the group plans to make an additional investment of approximately Rs 3,500 crore in the venture. The company to have their focus on large-scale opportunities in entertainment, social media, e-commerce, gaming and esports, personal mobility, blockchain-linked solutions, and artificial intelligence. Hiranandani Group's chief executive officer said that the group has a road map for the launch of two highly sought-after services in 2022. It will be followed by three more in the next year. Tez Platforms to leverage talent and synergies from several Hiranandani Group entities while having aggressive plans for hiring more than 250 employees in Financial Year 2023. Yotta Infrastructure shall continue to be their vehicle for investing in areas of interconnectivity, cloud computing, enterprise applications, and enterprise cyber security technologies, enhanced by their hyper scale as well as edge data center roll-outs. Image Source Also read: Hiranandani, Blackstone Group JV to invest Rs 3k cr