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Hindustan Media Ventures Limited invests USD 5.5 million in Zvesta
MUMBAI: Gurugram based, Zvesta, a proptech start-up has raised USD 5.5 million from Hindustan Media Ventures. Zvesta is a 360-degree comprehensive AI-powered real-estate solutions company which is innovatively designed for buyers, sellers, developers, builders and property agents. Zvesta shall utilise the raised capital to build its brand and collaborative marketing for real estate aggregation across the country.
Zvesta is a marketplace where all the stakeholders connect on a real time basis to make clear and transparent deals through SaaS based platform, which provides an altogether new visualization, technology controls, faster and more interactive user-interface as a property search engine. The platform provision options to Search, List, Advertise, Sell, Buy and renting out various properties under the respective category of Residential, Commercial, Plots Land.
In addressing the fund raiser, Zvesta founder and CEO Rajan Dang said, “The capital raised will be used to widen the builder alliances from 100 to 1000 and other partnerships across India strengthening through its technology product. It will also be utilised to scale up the business by opening regional offices Jaipur (Rajasthan), Mumbai and Pune (Maharashtra), Bengaluru (Karnataka), Lucknow (Uttar Pradesh) as well and expansion of sales team.”
According to Zvesta co-founder and CIO Anushree Srivastava said, “Collaboration is the call of the era in Real Estate. The synergy for all influx and exodus to any system is imperative. Citing an example at the airport if collaborative technology is not used at the Airport there would be total mismanagement of the consumer and air traffic. At Zvesta, to gain fulfilment of business for E-Mitras, Dept of Information Technology, Rajasthan, Other counters it is important to maintain transparency. Hence the flow of the transaction that captures consumer sentiments, Lead flow, sale closure that may not be handled, all directly by one stakeholder, hence imperative for collaboration through technology ZVESTA PRO”.
In the words of HT Media Limited group CFO Piyush Gupta, “Zvesta’s real estate search engine and the database on which they are working is laying a foundation for homeowners, buyers, sellers, renters, real estate agents, landlords, and property managers to discover and maintain vital information about homes, real estate, transactions and home improvement”.
The Target benefits significantly from a first-mover advantage domestically as other on-line real estate services. Zvesta is taking advantage of the newly established governmental Real Estate Regulatory Authority (RERA) which regulates the real estate sector and compels all builders and developers to register their new and ongoing projects with it. Affordable housing has caught up, the government in order to focus on affordable housing has to mandate the use of technology to source all inventories and land parcels being allocated to each project. Likewise post built of the inventories the buy and sell should be made transparent.
Zvesta founders adorn the different cultures and professional backgrounds feel an instant connection with the Real Estate Community, given their shared sense of understanding and experience for maturing Zvesta to the next level in business. The company founders Rajan Dang, a multi-domain industry Leader in Banking, FMCG, Ecommerce & Real estate, and Anushree Srivastava, in past was Joint General Manager / IT of IRCTC handling INR 5,000 Cr Revenue Portfolio, built SAAS platform and set up new revenue streams for the corporation who have a decade of experience working in the E-commerce and technology space.
Brands
Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
