Saturday, 11 July 2020

Startup Funding Alert: Poonawalla, Infy co-founder pile into digital content startup JetSynthesys


JetSynthesys Pvt. Ltd., a digital content and technology platform that is part of the diversified JetLine Group of Companies, has raised Rs 300 crore (approximately $40 million at current exchange rate) in funding.

The capital infusion in Pune-based JetSynthesys has been led by the family offices of Serum Institute of India Pvt. Ltd. chief executive officer Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan.

Other investors in JetSynthesys include the family offices of the promoters of entities such as engineering company Thermax, diversified manufacturer Triveni Group, and the DSP Group. The company operates products and platforms in areas such as gaming, wellness, financial technology, and social entertainment.

It will use the capital it has raised to further develop its suite of digital products and games, as well as strengthen its technological infrastructure in areas such as artificial intelligence, blockchain, augmented and virtual reality, and mixed reality.

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Poonawalla, Infy co-founder pile into digital content startup JetSynthesys

JetSynthesys Pvt. Ltd, a digital content and technology platform that is part of the diversified JetLine Group of Companies, has raised Rs 300 crore (approximately $40 million at current exchange rate) in funding. The capital infusion in Pune-based JetSynthesys has been led by the family offices of Serum Institute of India chief executive officer Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan.

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