JetSynthesys announces acquisition of esports company Skyesports

JetSynthesys, a digital entertainment and technology company, has recently stated that it has acquired Skyesports, a Chennai-based esports gaming company. As per sources, JetSynthesys will own 65 per cent of the new business, Jet Skyesports Gaming Pvt Ltd, while the Skyesports founders will own 35 per cent.

According to an official statement, the new organization was formed to encourage esports in India at the ground level ahead of the Asian Games. It will also improve Skyesports' pan-India footprint and development into South Asia.

Vice-Chairman and Managing Director, JetSynthesys, Rajan Navani stated that the gaming sector in India has vast potential, yet the talent that exists in the non-metros is frequently overlooked. As a result, their mission is to grow esports from the ground up, empowering people who have a passion for gaming to turn it into a career.

He further said that their firm would expand the esports ecosystem with Jet Skyesports to encompass the most remote parts of India, making it more accessible and grooming international-level talent to represent India at significant tournaments as solid contenders.

Reportedly, JetSynthesys, the Pune-based co-founder of Nodwin Gaming, is making its second substantial investment in esports. Sachin Tendulkar, a former cricketer, made an equity investment in JetSynthesys in June.

Shiva Nandy, the CEO and founder of Skyesports, said that the esports and gaming business in the country is rapidly expanding, and this investment is a strategic move that comes at the appropriate time to explore more considerable prospects.

The firm will collaborate to generate a slew of IPs for the country's gaming and esports fans. However, their primary focus will remain on grassroots level and regional content.

Additionally, Skyesports has developed a number of event IPs over the last year, including Skyesports Grand Slam, Skyesports League, and Skyesports Championship.

Source Credit - https://www.thehindubusinessline.com/news/sports/jetsynthesys-acquires-esports-company-skyesports/article35880797.ece