VC fund (Cat II) · Curated list
Z3Partners
Growth (Series C+) · IT / SaaS / Enterprise Software · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- IT / SaaS / Enterprise Software
- City
- Mumbai
- HQ / office
- Mumbai HQ: 1617, 16th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra - 400 013, India. (Also lists a Singapore office: 16 Raffles Quay, #24-01, Hong Leong Building, Singapore 048581.)
- Fund registered
- 2019
- Investments on record
- 8
- Corpus (as reported)
- Rs 550 crore (~$67M) maiden fund — final close announced January 2023 (Z3Partners Tech Fund / Fund I, SEBI Category II AIF, Reg. IN/AIF2/19-20/0704; manager Z3P Advisors LLP). A second vehicle, Z3Partners Fund Trust (Fund II, SEBI Cat II AIF Reg. IN/AIF2/25-26/1972; manager Z3P Advisors II LLP), is registered per the official site; size not publicly disclosed. (Original first-close target was ~Rs 730 cr / $100M; final close landed at Rs 550 cr.)
About
Z3Partners is a Mumbai-based growth-stage technology venture capital firm founded in January 2019 by Gautam Patel (Founder & Managing Partner, previously co-founder of Zodius and a partner at Battery Ventures), with a founding team including Anand Batra, Yusuf Allana and Avinash Kapur. It runs SEBI Category II AIF vehicles and closed its maiden Rs 550 crore tech fund in January 2023, backing early-growth digital and tech startups in India. The firm positions itself as a tech and digital growth investor making concentrated bets of roughly $6-10M each.
Investment focus
Early-growth / growth-stage (around Series B). Technology & digital: enterprise SaaS, consumer internet/e-commerce, agri-tech, logistics, cybersecurity, fintech. Ticket size ~Rs 50-80 crore ($6-10M) per company (early plans cited $3-5M; later positioned at $6-10M).
SEBI registration
SEBI AIF Category II — reported as “Major/growth VC / Cat II”
- IN/AIF2/19-20/0704
- IN/AIF2/25-26/1972
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Z3 Partners
Yes — on official SIDBI FFS supported-AIF list (Z3 Partners)
Notable portfolio
DealShare (social e-commerce, unicorn); OfBusiness (B2B commerce/fintech, unicorn); Cyfirma (cybersecurity / cyber-threat intelligence SaaS); Gramophone (agri-tech; acquired by Unnati, Jan 2026); Shipsy (logistics SaaS; round co-led with A91 Partners); TrueFan (AI celebrity engagement)
Team & organisation
Official domain z3partners.com 301-redirects to z3partnersglobal.com (same firm — same Mumbai address, same SEBI regs, same [contact on file] email; domain consolidation, not a fraud/look-alike). Some third-party profiles (Tracxn) and the founder's bio list MakeMyTrip, BigBasket, Pepperfry, Zivame — these are the founders'/team's prior-career track record (Zodius/Battery era), NOT Z3Partners fund holdings; do not attribute to the fund. Founder is Gautam Patel (an earlier query draft using 'Gautam Mehra' is an error — disregard). The record's claim of 'Rishi Maheshwari as co-founder' could NOT be independently verified; named co-founders per Inc42 are Anand Batra, Yusuf Allana, Avinash Kapur. Private firm; HDFC Life is a disclosed LP and SIDBI Fund of Funds appears among LP commitments (standard Indian VC LPs, not control) — no government/DFI ownership. Otherwise clean.
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Frequently asked
- What does Z3Partners invest in?
- Early-growth / growth-stage (around Series B). Technology & digital: enterprise SaaS, consumer internet/e-commerce, agri-tech, logistics, cybersecurity, fintech. Ticket size ~Rs 50-80 crore ($6-10M) per company (early plans cited $3-5M; later positioned at $6-10M).
- How do I pitch Z3Partners through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Official domain z3partners.com 301-redirects to z3partnersglobal.com (same firm — same Mumbai address, same SEBI regs, same [contact on file] email; domain consolidation, not a fraud/look-alike). Some third-party profiles (Tracxn) and the founder's bio list MakeMyTrip, BigBasket, Pepperfry, Zivame — these are the founders'/team's prior-career track record (Zodius/Battery era), NOT Z3Partners fund holdings; do not attribute to the fund. Founder is Gautam Patel (an earlier query draft using 'Gautam Mehra' is an error — disregard). The record's claim of 'Rishi Maheshwari as co-founder' could NOT be independently verified; named co-founders per Inc42 are Anand Batra, Yusuf Allana, Avinash Kapur. Private firm; HDFC Life is a disclosed LP and SIDBI Fund of Funds appears among LP commitments (standard Indian VC LPs, not control) — no government/DFI ownership. Otherwise clean.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://z3partnersglobal.com/; https://inc42.com/buzz/z3partners-first-close-fund-cyfirma-dealshare/