ACME Group's 'Connect' Fund secures first round of funding
It marks India’s first dedicated financial initiative for the AVGC industry
In a momentous development, the ACME Group's 'Connect' Fund has secured its first round of funding, heralding a new dawn for India's Animation, Visual Effects, Gaming, and Comic (AVGC) sector. This groundbreaking fund, established under the AFPL CAT II AIF Trust and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), is India’s first dedicated financial initiative for the AVGC industry.
Ramon Talwwar, Managing Director and CEO of ACME Group expressed his deep appreciation for the investors’ confidence. "We are thrilled and humbled by the overwhelming support from our investors. This funding round is a crucial milestone in our journey to unlock the immense potential of the AVGC sector," Talwwar commented. With a formidable background in capital market strategies and corporate finance, Talwwar's leadership is expected to drive substantial and sustainable growth within the AVGC industry.
Abhinav Shukla, co-founder of the 'Connect' Fund, elaborated on the fund’s forward-thinking strategy. "Our focus is on leveraging the latest digital tools and platforms to connect with investors and partners, ensuring that we lead in this fast-paced industry," Shukla noted. Shukla's vast experience in the media and entertainment sector will be key in shaping the fund's innovative investment approach and attracting strategic investments.
India's AVGC sector, valued at $4 billion today, is anticipated to grow to $12 billion by 2030. The 'Connect' Fund, with a project scope of nearly INR 300 Crores, aims to capitalize on this remarkable growth, providing critical funding to innovative companies within the industry. The sector's expansion is fueled by an increasing demand for digital media, immersive gaming experiences, and groundbreaking entertainment content.
The 'Connect' Fund's capital injection is poised to stimulate further growth in the AVGC sector, fostering technological advancements and creating new business opportunities. By supporting high-potential companies, the fund aims to drive innovation and ensure the long-term success and sustainability of the AVGC industry.
