Mumbai: Real estate firm Hiranandani Group has entered the technology-led consumer services business through a new venture and expects to invest up to Rs 3,500 crore over the next two-three years, its top executive told ET.

While both RIL and Tata have made extensive investments in startups and tech companies, RIL has also raised around $20 billion from global investors like Google and Facebook (now Meta).Hiranandani, however, said the company does not need capital now or acquire companies at present. The company will announce senior management appointments for Tez within a few weeks. The company will focus on solutions that offer an immersive experience, irrespective of whether it is consumed on the Metaverse or similar technology, he added.

Hiranandani Group To Invest Rs 3,500 Crore In In-House Consumer Tech Platform Tez

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Hiranandani Group To Invest Rs 3,500 Crore In In-House Consumer Tech Platform Tez

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