After a successful foray into data services and cloud computing, Hiranandani Group has forayed into technology-led consumer services business with its new venture Tez platform and will invest ₹3,500 crore over the next two to three years.
Reality will make initial investment of the firm 1,000 crore and Tez platforms will debut this year.
The Tez platform will focus on opportunities in the areas of social media, entertainment, gaming and e-sports, e-commerce, personal mobility, artificial intelligence and blockchain-linked solutions.
“We believe that the potential of digital has barely scratched the surface. In keeping with the Digital India vision of Prime Minister Modi and the Government of India, as echoed in the Union Budget 2022, we are looking at technology-led, new-age services,” said Darshan Hiranandani, CEO – Hiranandani Group.
“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.
Darshan Hiranandani said the company will launch two highly sought-after services in 2022 and three more next year. “We are increasing our focus on technology-led, new-age services.”
Tez Platforms plans to hire over 250 employees in FY22.
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