ACME Group’s Connect Fund Receives Initial Funding for INR 300 Crore AVGC Sector Project : The Tribune India

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ACME Group’s Connect Fund Receives Initial Funding for INR 300 Crore AVGC Sector Project

ACME Group’s Connect Fund Receives Initial Funding for INR 300 Crore AVGC Sector Project


ACME Group, India’s leading financial advisory and wealth management institution, has announced a significant milestone with the initial funding of its INR 300 Crore "Connect" Fund. This exclusive project is dedicated to the Animation, Visual Effects, Gaming, and Comics (AVGC) sector. The funding amount is undisclosed.

Set up as "AFPL CAT II AIF Trust" under ACME Group and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), the Connect Fund aims to address the gap between the high-growth Indian AVGC industry and capital markets. By providing crucial growth capital and strategic guidance, the Fund seeks to empower AVGC companies to unlock their exponential growth potential and drive innovation.

Future Prospects and Goals of Animation and Gaming

The future of the Animation and Gaming industry in India is incredibly promising. The sector is currently valued at $4 billion and expected to reach $12 billion by 2030. This rapid expansion is driven by increasing demand for high-quality digital content, immersive gaming experiences, and advanced visual effects in films and media.

ACME Group, through its innovative Connect Fund, is committed to harnessing this growth by providing essential capital and strategic support to emerging companies in the Animation, VFX, Gaming, and Comics (AVGC) sectors. The aim is to position India as a global leader in these creative fields, fostering an environment where innovation thrives and new talent can flourish. ACME envisions a future where Indian animation and gaming studios are recognized worldwide for their creativity and technological prowess.

Connect Fund to Unlock Exponential Growth Trajectory of AVGC Sector

It is estimated that the AVGC sector’s contribution to India’s M&E revenues is nearly 20%, and it is currently projected to reach 35% by 2024. However, despite the attractions of high growth and strong fundamentals, the capital flow into the sector remains below potential.

As the first fund to support the next generation of standout AVGC companies, Connect Fund is perfectly positioned to play a pivotal role in realizing the industry’s exponential growth promise. The Fund will actively leverage ACME Group’s unparalleled industry networks and expertise to select winning AVGC firms and guide them on plugging capability and capital gaps. This will enable portfolio companies to gain global competitiveness and effectively capitalize on emergent opportunities across animation, VFX, and gaming.

Backed by ACME Group’s established credibility and domain expertise, the Fund is set to usher in a transformative wave of growth and innovation across India’s high-potential AVGC landscape.

Ramon Talwwar, MD & CEO of ACME Group, described the fund as a "catalyst for transformation," while Co-Founder of Connect, Abhinav Shukla, emphasized its potential to drive significant growth. With an esteemed advisory board, the Connect Fund is set to revolutionize India’s AVGC industry, fostering innovation and economic growth.

 

 

 

 

Disclaimer: This article is part of sponsored content programme. The Tribune is not responsible for the content including the data in the text and has no role in its selection.


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