It helps build capabilities around gaming and e-sports, entertainment and e-commerce, among other things
It helps build capabilities around gaming and e-sports, entertainment and e-commerce, among other things
Real estate giant Hiranandani Group is foraying into the consumer technology segment with a new venture named ‘Tez Platforms’ to build capabilities around gaming and e-sports, entertainment and e-commerce, among other things. 3,500 crore will be invested.
Darshan Hiranandani, CEO, Hiranandani Group, said, “We believe that the potential of digital has barely scratched the surface. We are increasing our focus on technology-led, new-age services.” Hindu,
“Through the Tez platform, we intend to work with leading technologies and partners (both domestic and global) in other sectors as well in the next phases of our journey,” he added.
The new venture will offer a wide range of services, including social media, gaming and e-sports, blockchain and artificial intelligence, among other emerging technology services.
Mr Hiranandan said the company plans to launch the first service within 2022, which is likely to be in the gaming sector. “We have a roadmap to launch two highly sought-after services in 2022, followed by three more next year.”
He added that while the Tez platform will leverage synergies and talent from various Hiranandani Group entities, there are also plans to hire over 250 employees in FY2023.
Tez’s initial outlay for launching the services this year will be around Rs 1,000 crore, and over the next 2-3 years, they expect an investment of around Rs 3,500 crore.