The fresh capital comes from existing shareholders
of JetSynthesys, part of the Navani family owned Jetline Group, led by the
family offices of Adar Poonawalla and Kris Gopalakrishnan
The infused capital will
be utilized to ramp up marketing, global expansion, and scale technology,
talent, and content, with an aim to further expand its existing 100 Mn consumer
base
The latest fundraise
will be used to strengthen JetSynthesys’ platforms in global
entertainment, gaming and interest based social communities, many of
which are poised to be over INR 100 crore in revenue over the next 24 to
36 months
With downloads from 180
countries currently, JetSynthesys also aims to create large global IPs and
forge new strategic partnerships with category leaders in Japan , US, and Europe ,
thus increasing its digital stronghold even further
New age digital entertainment and technology
company, JetSynthesys, has announced a capital infusion of INR
300 crore to deepen its global foray into gaming, digital entertainment, and
interest-based social community platforms. With over 100 million consumers
and across 180 countries , the fresh capital will be leveraged to launch
new products, ramp up technology, talent, and content, accelerate marketing,
and expand the consumer base over the next 36 months. The fundraise positions
JetSynthesys to be amongst India’s first tech and gaming unicorns with a global
presence, and partnerships in countries such as Japan, United States, Europe,
and India, one of the only Indian players to do so.
The fresh capital comes
from existing shareholders of JetSynthesys, part of the Navani family owned
Jetline Group, led by the family office of Adar Poonawalla and Kris
Gopalakrishnan. Other shareholders of JetSynthesys include India
The infused capital will be
leveraged to put JetSynthesys’ digital platforms into high gear, each of which
are currently poised to reach INR 100 crore in annual revenue in the next 24 to
36-months. The investment will enable the development of world class digital
products and mobile games with high fidelity and network play, strengthen the
company’s deep tech stacks in new technologies like AI, Blockchain, AR/VR/MR
and quantum computing, deepen JetSynthesys’ presence in global e-sports, and
help the company create large global IPs and forge new strategic partnerships
with gaming powerhouses across leading markets like Japan, United
States, and Europe. Kickstarting this exciting growth phase is the launch of ‘WWE
Racing Showdown’, in an exclusive partnership with WWE, a
one-of-its-kind, high-octane, vehicular combat game featuring the best of
mobile action, sports, and racing.
With some of the best
graphical fidelity in mobile games, JetSynthesys’ gaming arm is
behind creation of games like Sachin Saga Cricket Champions, Sachin Saga VR,
Being Salman, and Super Ludo, which have cumulatively seen over 30Mn+
downloads, and publishing partnerships with the likes of Hollywood film Passengers and Floyd
Mayweather. In addition to developing cutting edge and popular games
in-house, JetSynthesys co-founded India
The funds will also go into
further developing and building JetSynthesys’ captive social destination arm
which boasts of popular names, prominent ones being 100MB, a
first-of-its-kind digital destination born out of an exclusive joint venture
with Sachin Tendulkar, and ThinkRight.me, India’s leading
meditation and mindfulness app, digitally available in 43 countries.
Headquartered in Pune, and
with offices in Japan , UK , EU , US and India
Pune, 09 July 2020
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