JetSynthesys Pvt. Ltd, a new-age digital entertainment and technology company, has raised as much as Rs 300 crore (about $40 million) in funding, per media reports.
JetSynthesys, headquartered in Pune, is a part of JetLine Group of Companies that manufactures packaging products.
The funding, led by the family offices of Serum Institute of India chief executive officer Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan, will help JetSynthesys strengthen its global presence in areas such as gaming, digital entertainment, and interest-based social community platforms as it gears up to forge strategic partnerships in markets such as Japan, the US, and Europe.
It currently has partnerships with wrestling entertainment brand WWE and American boxer Floyd Mayweather.
The company’s other investors include family offices include of Thermax, an engineering company, Triveni Group, a diversified manufacturer, and DSP Group.
Going forward, the corpus raised will help JetSynthesys roll out new products, spruce up technology, hire talent, and expand its consumer base, among others.
JetSynthesys vice-chairman and managing director Rajan Navani said the company wants to use the latest round of funding to create more success stories across varying demographics, geographies, and socio-economic classes.
JetSynthesys, that claims to have over 100 million consumers across the world, is present in areas such as gaming, wellness, financial technology, and social entertainment. It is looking to generate Rs 100 crore in revenue over the next 2-3 years.