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Jetsynthesys Acquires Majority Stake In Fanory; Onboards Former Twitter India Head Manish Maheshwari In A Leadership Role

PRIVATEJan 25, 2023over 3 years ago

Acquiring Company

JetSynthesys

Acquired Company

Fanory

PuneInformation TechnologyGamingVideo GamesPublishing

Description

New-age digital entertainment and technology company, JetSynthesys, has acquired majority stake in Fanory, a start-up that helps creators monetize better than what is possible on social media platforms. As part of this transaction, JetSynthesys has onboarded ex-Twitter India Head and Fanory's co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys. Shareholders of JetSynthesys include the family offices of Infosys Co-Founder Kris Gopalakrishnan, Serum Institute's Adar Poonawalla, and cricketing legend Sachin Tendulkar, amongst others.

Company Information

Company

JetSynthesys

Location

Pune, Maharashtra, India

About

JetSynthesys, which has presence across gaming and digital entertainment, is also the biggest skill-based cricket gaming franchise in the world with more than 120 million downloads and 12 million monthly active users.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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