About Z3Partners
Z3Partners is a venture capital firm founded in 2019. It is primarily based out of Mumbai, India. As of Nov 2025, Z3Partners is an active investor, having invested in 17 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Mesa School of Business Overall, Z3Partners portfolio has seen 2 unicorns, 1 IPO and 5 acquisitions including key companies like MakeMyTrip, Bigbasket and Pepperfry. A lot of funds co-invest with Z3Partners, with names like Secocha Ventures sharing a substantial percentage of its portfolio. Z3Partners has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A, Series B & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Z3Partners' List of Top Investments
Z3Partners has a portfolio of 17 companies, including 2 unicorns. Their most notable investments are in ACHF and Cyfirma Security.Their portfolio spans across India, Singapore and United States. They have invested in Consumer, Enterprise Applications, Food and Agriculture Tech and 14 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Z3Partners:1. MakeMyTrip
Provider of online booking services for flights hotels and travel. This digital platform enables users to search and reserve domestic and international air travel, hotel accommodations, holiday packages, train tickets, bus tickets, and cab rentals. Additionally, the system facilitates travel insurance procurement, visa application processing, and currency exchange services for consumers and corporate entities. Customers can manage bookings, track flight status, and access various travel-related products through the website and mobile interface.
Key facts about MakeMyTrip
- Founded Year: 2000
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $39M
- Employee Count: 7,569 as on Sep 30, 2026
- Investors: Helion Venture Partners, Elevation Capital and 11 Others
- Latest Funding Round: Post IPO, Jun 17, 2025, $*****
- Highlight: Public
2. Bigbasket
Online retailer of grocery, household, beauty, and personal care products. It provides a selection of food items, cleaning supplies, and personal care products. The business offers delivery options with varied time slots. It also provides an express delivery service for immediate needs in select areas.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 22,095 as on May 31, 2025
- Investors: Helion Venture Partners, LionRock Capital and 64 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Acquired
3. TrueFan AI
Provider of AI video platform for enterprise marketing and content creation. It offers solutions for creating scalable, personalised video content. The platform supports multiple languages from a single recording. It provides AI video solutions for enterprises, plugging into existing workflows.
Key facts about TrueFan AI
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.1M
- Employee Count: 149 as on May 31, 2026
- Investors: Z3Partners, Saama and 31 Others
- Latest Funding Round: Series A, Jun 04, 2026, $*****
- Highlight: Editors' Pick
4. Mintoak
Provider of merchant engagement, payment acceptance, and banking platform solutions. It enables digital merchant onboarding, QR and card payment acceptance, soundbox solutions, bill payments, merchant servicing, and value-added financial products including lending, insurance, business credit cards, and fixed deposits through modular banking and payment technology.
Key facts about Mintoak
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $30.6M
- Employee Count: 146 as on Aug 31, 2025
- Investors: BlackSoil, PayPal and 19 Others
- Latest Funding Round: Conventional Debt, Aug 06, 2026, $*****
- Highlight: Editors' Pick
5. Bhanzu
Provider of personalized online math courses for children. It is a digital platform offering interactive classes, AI-powered assistance, and a curriculum designed to build confidence and mastery. The program uses a concept-first approach, real-life examples, and competitive learning environments to engage students. Support is provided through a student dashboard, AI assistant, and parent app, allowing for tracking of progress and engagement. The courses are tailored to different grade levels and learning paces.
Key facts about Bhanzu
- Founded Year: 2020
- Location: Hyderabad (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $33.7M
- Employee Count: 236 as on Aug 31, 2025
- Investors: Lightspeed, B Capital and 17 Others
- Latest Funding Round: Series B, Nov 11, 2024, $*****
- Highlight: Editors' Pick
Z3Partners' Year-on-Year Investment Trends
Z3Partners has invested in 17 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Mesa School of Business and most recent follow-on round was in Gramophone.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 3 | 1 | 4 |
2023 | 0 | 1 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 1 | 2 |
2020 | 2 | 0 | 2 |
Z3Partners' Investments by Stage
Z3Partners has made 3 investments in Series A stage with an average round size of $4.6M, 2 investments in Series B stage with an average round size of $13.2M, 2 investments in Series C stage with an average round size of $24.2M and 1 investment in Series D stage with an average round size of $31.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Series B | 2 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Z3Partners' Investments by Sector
Z3Partners has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, EdTech, Food and Agriculture Tech and Enterprise Infrastructure. Notably, it has invested in 15 Tech companies, 10 Consumer (B2C) companies, 9 Enterprise (B2B) companies and at least 7 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Enterprise Applications | 3 |
EdTech | 2 |
Food and Agriculture Tech | 2 |
Enterprise Infrastructure | 1 |
Others | 8 |
Note: We have considered here, only first round of investments
Z3Partners' Investments by Geography
Z3Partners has made most investments in India (7), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 7 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Z3Partners' recent investments
Z3Partners has not made any investment in 2026 so far.Here are the most recent investments by Z3Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 26, 2025 | India | Series A | 1907 | [+1] | |
Nov 11, 2024 | India | Series B | 7145 | [+2] | |
Apr 16, 2024 | India | Series C | 6960 | [+4] | |
Apr 09, 2024 | India | Series B | 1683 | [+4] | |
Jan 16, 2024 | India | Series D | 7234 |
Unicorns in Z3Partners' Portfolio
Z3Partners has 2 unicorns in its portfolio - DealShare and OfBusiness. The most recent unicorn in their portfolio is DealShare. It became a unicorn in 2022, 1 years after Z3Partners first invested in it.Here is a list of unicorns in Z3Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Retailer of groceries and household essentials | 2018 | Bengaluru | Series E | azjdhfu | ||
64 | B2B commerce platform specializing in metals, chemicals, fashion, and food-processing | 2015 | Gurugram | Series G | uswhqgw |
IPOs and Publicly Listed companies in Z3Partners' Portfolio
1 of Z3Partners' portfolio company became public - MakeMyTrip. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2010 at marketcap of $478MHere are Z3Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 12, 2010 | - | - | 4559 |
Acquired companies in Z3Partners' Portfolio
5 companies from Z3Partners' portfolio have been acquired. The most recent acquisition was Gramophone in Jan 2026 by Unnati for $*****.Here are Z3Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 04, 2026 | Apr 20, 2021 | Series B | 3548 | |
Sep 19, 2025 | - | - | 9524 | |
Aug 30, 2021 | - | - | 4409 | |
Jan 20, 2021 | - | - | 8452 | |
Jan 30, 2017 | - | - | 6290 |
Team profile of Z3Partners
Z3Partners has a team of 6 members including 2 Partners and 2 Principals located in India and Singapore. Z3Partners' team sits on the board of 2 companies.Here is a list of all team members in Z3Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | Singapore | - | - | |
Principal | Mumbai | - | ||
Principal | Mumbai | - |
Co-investors of Z3Partners
Over the past 6 years, 290 investors have co-invested in Z3Partners's portfolio companies. This includes funds and angels.
- Invested before Z3Partners: Angel List, Kunal Shah and 219 others have invested in rounds before Z3Partners. There are 3 companies where Angel List has invested before Z3Partners and 2 companies where Kunal Shah has invested before Z3Partners.
- Top Co-investors of Z3Partners: 35 investors entered a company along with Z3Partners. These include investors like Secocha Ventures (1 company).
- Invested after Z3Partners: A total of 34 investors have invested in Z3Partners's portfolio after their investments. Top Investors include Alteria Capital (2 companies), 360 One (2 companies) and Baring Private Equity Partners (1 company).
Recent News related to Z3Partners
•
AI video startup TrueFan AI raises $10Mn Series A fundingViestories•Jun 04, 2026•TrueFan AI, Indian Angel Network, 3Lines, Baring Private Equity Partners and 1 other
•
Top Z3Partners exec’s new PE firm Vantage Oak makes debut investmentVCCircle•Feb 23, 2026•Z3Partners
•
•
Wow! Momo Raising Up To INR 150 Cr From Khazanah, OthersInc42•Apr 18, 2025•Wow! Momo, Khazanah Nasional Berhad, The Oak capital, Z3Partners and 1 other
•
FundTQ Secures Series B Fundraise for Agritech Startup Unnati by Zephyr PeacockGenco Insurance•Mar 04, 2025•FundTQ, Unnati, Zephyr Management, Zephyr Peacock and 6 others
•
Mintoak gets a new investor Z3Partners through a secondary dealIndiatimes•Jan 09, 2025•Z3Partners, Mintoak, Yes Bank, HDFC Bank and 1 other
•
Exploring Infinities Edtech Private Limited’s Series B Funding RoundGlobal Legal Chronicle•Dec 16, 2024•Exploring Infinities, Khaitan, Z3Partners
•
Bhanzu’s Rs 140 Crore Funding Round Marks New Wave in India’s Edtech SceneTechiexpert•Nov 09, 2024•Bhanzu, Z3Partners, Epiq Capital, Lightspeed Venture Partners and 3 others
•
Decoding Atlum Credo’s $40 Mn primary and secondary roundEntrackr•May 31, 2024•Altum Credo, Z3Partners, Oikocredit
•
Altum Credo Secures $40 Million in Series C Funding Round Led by Z3 Partners and OikocreditStartup Story•Apr 19, 2024•Altum Credo, Z3Partners, Oikocredit, British International Investment and 3 others
