The ‘Connect’ Fund, India’s pioneering funding fund for the Animation, Visual Effects, Gaming, and Comics (AVGC) sector, has efficiently secured its first spherical of funding. Established by ACME Group beneath the AFPL CAT II AIF Trust and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), the fund represents a big milestone within the progress of India’s AVGC trade.
ACME Group, beneath the steerage of Managing Director and CEO Ramon Talwwar, brings a wealth of expertise to this enterprise. With a distinguished legacy of over 11 years within the monetary providers trade, the ACME Group is thought for its excellence and innovation. Ramon highlighted the groundbreaking nature of the fund, stating, “Our CAT II AIF is greater than only a monetary software; it is a driver of change within the AVGC sector. We see a future the place India’s AVGC trade is on the forefront of worldwide creativity and know-how. This profitable fundraising exhibits our buyers’ robust perception and belief in our imaginative and prescient.”
Abhinav Shukla, co-founder of the ‘Connect’ Fund, brings a wealth of expertise to this enterprise together with his distinguished profession within the media and leisure trade. “We are at a pivotal second within the evolution of the AVGC trade,” Abhinav commented. “The ‘Connect’ Fund is right here to offer the monetary assist and strategic course wanted to propel the sector ahead.”
The AVGC trade in India has seen exceptional progress, with the animation sector increasing by 24% and the VFX trade by 103% in 2021. The AVGC-XR Promotion Task Force Report emphasizes the sector’s potential to create high quality employment and place India as a world chief in media and leisure. “The AVGC sector has the potential to be a serious driver of financial progress and job creation in India,” Shukla famous. “Our aim with the ‘Connect’ Fund is to unlock this potential and assist the trade obtain new heights.”
The ‘Connect’ Fund’s challenge scope of almost INR 300 Crores highlights its dedication to supporting the trade’s progress. The first spherical of funding will allow the ‘Connect’ Fund to spend money on cutting-edge applied sciences and modern initiatives inside the AVGC sector, fostering a vibrant ecosystem for startups and established corporations alike. “Innovation is on the coronary heart of our funding technique,” Shukla stated. “By supporting initiatives that leverage the newest applied sciences, we intention to drive the AVGC trade ahead and create new alternatives for progress.”
As the AVGC sector continues to develop and evolve, the ‘Connect’ Fund is well-positioned to paved the way, driving innovation and progress within the trade. With its strategic give attention to know-how integration, talent improvement, and coverage advocacy, the fund goals to create a vibrant and dynamic AVGC ecosystem in India. “Our imaginative and prescient is to create a thriving AVGC trade that not solely contributes to the economic system but additionally serves as a platform for showcasing Indian tradition and creativity on a world stage,” Shukla concluded. “We are excited in regards to the alternatives that lie forward and look ahead to working with our companions to understand this imaginative and prescient.”