Mumbai, December 13, 2024 – Taranga Ventures, a media and entertainment tech fund spearheaded by actor-producer Vishnu Manchu, is in final talks with Hollywood superstar Will Smith to join as a key partner. The $50 million fund, with a potential extension of another $50 million, aims to drive innovation in the media and entertainment sector.
The fund plans to invest in game-changing technologies and industries like OTT platforms, animation, gaming, blockchain, and advanced tech like AR, VR, and AI. It also seeks to support mergers, acquisitions, and growth opportunities in the ever-evolving entertainment landscape.
The powerhouse team behind Taranga Ventures includes:
• Vishnu Manchu, an acclaimed Indian actor, producer, and entrepreneur.
• Addishree, a finance expert with decades of experience in mergers and investments.
• Pradyuman Jhala, a Canadian investor in real estate and pension funds.
• Vinay Maheshwari, a veteran in Indian media with leadership experience at top companies.
• Will Smith, Hollywood icon, currently in advanced talks to join the fund.
• Devesh Chawla and Satish Kataria, specialists in investor relations and fund operations.
Taranga Ventures has already garnered interest from leading investors and industry experts. Registered in India and Delaware, the fund promises not only financial backing but also strategic mentorship for startups in the entertainment industry.
“This fund is a significant step toward reshaping the future of media and entertainment,” said Vishnu Manchu, emphasizing the importance of combining creativity with technology to drive innovation.
An exclusive investor briefing next week will set the stage for the fund’s formal launch, marking a bold leap into the future of technology-driven entertainment.
