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The Hiranandani Group declares a significant ₹1,000 crore investment in the consumer technology domain

<br>The Hiranandani Group has ventured into the technology-driven consumer services sector with the introduction of its latest initiative, Tez Platforms. In the initial phase, the company aims to develop content-centric offerings for e-sports, gaming, and social media, with a targeted investment of around u20b91,000 crore for the current year.<br>

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The Hiranandani Group declares a significant ₹1,000 crore investment in the consumer technology domain

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  1. THE HIRANANDANI GROUP DECLARES A SIGNIFICANT ₹1,000 CRORE INVESTMENT IN THE CONSUMER TECHNOLOGY DOMAIN

  2. The Hiranandani Group has ventured into the technology-driven consumer services sector with the introduction of its latest initiative, Tez Platforms. In the initial phase, the company aims to develop content-centric offerings for e-sports, gaming, and social media, with a targeted investment of around ₹1,000 crore for the current year. Tez Platforms is set to expand its services into e-commerce, personal mobility, artificial intelligence, and blockchain-related solutions in the future. Darshan Hiranandani, CEO of the Hiranandani Group, shared that this move represents the natural evolution for the company, emphasizing its commitment to innovation and growth.

  3. Hiranandani mentioned ongoing projects involving collaboration with teams from real estate and Yotta Infrastructure for the new venture. The company is actively seeking ecosystem partners and talented individuals to join its endeavors. While specific details about the products in development remain undisclosed, Tez Platforms is gearing up to make strategic hires and announcements in the coming weeks. The platform will operate as a distinct entity, ensuring a dedicated focus without distraction from the core real estate business.

  4. The company envisions Tez Platforms operating in both the B2B and B2C domains, possibly collaborating with mobile gaming companies to create physical arenas. Hiranandani highlighted the flexibility of the platform to adapt to emerging trends, including the potential incorporation of metaverse offerings. Tez Platforms has outlined a roadmap to launch two services in 2022 and an additional three in the following year. The initial investment for launching services in the current year is estimated at ₹1,000 crore, with plans to invest approximately ₹3,500 crore over the next 2-3 years. While the company is not actively seeking third-party investors at the moment, it remains open to partnerships and technology licensing opportunities. Darshan Hiranandani emphasized the importance of assessing the market response before considering external investors, demonstrating a cautious approach to the product's market dynamics. Grow Reporting /user

  5. THANK YOU

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