Indian entertainment firm Smaaash is in talks to raise over 200 crore rupees ($30 million) to fund its expansion plans in India.
The company plans to invest $36 million over the next two years, including its investment into a digital platform for online gaming, for expansion of its footprint across the country.
Smaaash so far has raised $21.4 million from high net-worth individual investors and private equity firm Fidelis World.
Last month, the company acquired bowling joint venture BluO Entertainment from PVR, an Indian movie exhibitor, and Major Cineplex Group, for $12.3 million in an all-cash deal.