In a significant milestone, AFPL, a subsidiary of the prestigious ACME Group, has announced the successful raising of initial funding for its groundbreaking “Connect” Fund. This exclusive INR 300 Crore project is dedicated to revolutionizing India’s Animation, VFX, Gaming, and Comics (AVGC) sector. The funding underscores investor confidence in the project’s potential.
Fostering Innovation in India’s AVGC Landscape
Under the leadership of Ramon Talwwar, Managing Director and CEO of ACME Group, the “Connect” Fund aims to transform the Indian AVGC sector, propelling it onto the global stage. “It’s a pivotal moment for us at ACME as we channel our efforts into this vibrant sector, which is ripe with opportunity. With ‘Connect,’ we aim to harness and elevate the innate creativity of Indian talent to a worldwide platform,” Ramon remarked.
India’s AVGC industry, valued at approximately $4 billion, is expected to triple by 2030, driven by enhanced Internet access, increasing disposable incomes, and a burgeoning focus on creating intellectual property. Recognizing this potential, the “Connect” Fund stands as the first in India dedicated exclusively to the AVGC industry. It aims to scout and nurture high-caliber ventures in animation, gaming, VFX, and digital comics.
Conceptualized by ‘Connect’ fund’s co-founder – Abhinav Shukla, a stalwart with extensive experience in the AVGC sector, the “Connect” Fund seeks to bridge the longstanding gap between the Indian AVGC industry and capital markets. “Our strategy is crafted to propel Indian ventures onto a global stage by providing them with capital and strategic expertise that amplifies their innovative capabilities,” Abhinav explained.
Catalysing Innovation and Leadership
The successful funding round for the “Connect” Fund reflects a strong vote of confidence from investors in the burgeoning potential of India’s AVGC sector. “Our investors are instrumental in our journey towards nurturing a generation of AVGC pioneers. Their support is not just financial but a testament to our shared vision of leading innovative and creative endeavors,” Ramon acknowledged.
ACME Group: Shaping the Future of Investment
ACME Group has consistently been at the forefront of innovation in India’s investment sphere. The group continues to lead by example, known for pioneering numerous firsts across various financial domains. Through initiatives like the “Connect” Fund, ACME is setting new benchmarks in strategic investment and collaboration within India’s promising AVGC ecosystem.
ACME Group’s CAT II AIF, setup as “AFPL CAT II AIF Trust” and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), stands as the first fund in India dedicated exclusively to the AVGC industry. This initiative exemplifies ACME’s commitment to innovative investment solutions and highlights its role in shaping industries that will drive future economic growth.
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