Z47 Managing Director Tarun Davda to Exit by End-2026 as Firm Seeks $350 Million Fund
Updated
Updated · The Economic Times · Jun 8
Z47 Managing Director Tarun Davda to Exit by End-2026 as Firm Seeks $350 Million Fund
2 articles · Updated · The Economic Times · Jun 8
Summary
Tarun Davda has told Z47 he plans to leave by the end of 2026 after about 15 years at the firm and a decade as a key partner, according to people familiar with the matter.
Davda had already stopped evaluating and closing new deals for about a year and was focused on fundraising; people close to him said he is weighing launching his own fund or returning to entrepreneurship.
The planned exit adds to churn at Z47, where Pranay Desai and Sudipto Sannigrahi left in the past six months and principal Chandrasekhar Venugopal quit in May.
Z47 is seeking a new $350 million-$400 million vehicle, its first independent fund since splitting from Matrix Partners two years ago, after closing a $550 million fund in 2023.
Davda backed Ola, MoEngage and Captain Fresh; Z47 has realized more than $150 million from Ola share sales and about $80 million from its MoEngage exit, though Z47 called the report "blatantly false."