Indian digital content startup JetSynthesys raises $40m to expand ops

Photo by Josh Appel on Unsplash

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.