BackACME Group's 'Connect' Fund Reaches First Funding Milestone, Paving the Way for Explosive Growth in India's AVGC Sector
The capital from the 'Connect' Fund is set to act as a catalyst for the AVGC sector, driving technological innovation and creating new market opportunities.
PremiumIn a groundbreaking achievement, ACME Group's 'Connect' Fund has successfully completed its first round of funding, marking a significant advancement for India's Animation, Visual Effects, Gaming, and Comic (AVGC) sector. This pioneering 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 heartfelt gratitude for the investor confidence. "We are immensely grateful for the support we have received. This funding is a clear indicator of the AVGC sector's potential and our commitment to driving its growth," Talwwar stated. With over two decades of experience in capital markets and corporate finance, Talwwar's strategic vision is pivotal for the fund's success.
Abhinav Shukla, co-founder of the 'Connect' Fund, discussed the fund's innovative approach. "Our strategy is to leverage the latest digital platforms and technologies to connect with investors and partners. This will ensure we remain at the forefront of the AVGC industry," Shukla explained. With a seasoned background in media and entertainment, Shukla's role will be key in shaping the fund's direction.
India's AVGC sector, currently valued at $4 billion, is expected to reach $12 billion by 2030. The 'Connect' Fund's project scope, nearly INR 300 Crores, is designed to tap into this rapid growth, providing essential capital to high-potential companies in the industry. The sector's expansion is driven by the growing demand for digital media, immersive gaming, and innovative entertainment content.
The capital from the 'Connect' Fund is set to act as a catalyst for the AVGC sector, driving technological innovation and creating new market opportunities. By supporting companies at the forefront of creativity and technology, the fund aims to ensure the long-term success and sustainability of the AVGC industry.
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