In a significant milestone, the ACME Group’s “Connect” Fund has secured its first round of funding, marking a pivotal moment for India’s animation, visual effects, gaming, and comic (AVGC) sector. This landmark fund, established under the AFPL CAT II AIF Trust and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), stands as India’s first fund exclusively dedicated to the AVGC industry.
Ramon Talwwar, CEO and managing cirector of ACME Group, expressed his gratitude for the trust placed in the fund by investors. “This funding round is a monumental achievement for us. It reflects the belief our investors have in the AVGC sector’s potential and our vision for its growth,” Talwwar said. With extensive experience in capital markets and investment banking, Talwwar’s strategic leadership is set to steer the Connect Fund towards unparalleled success.
Abhinav Shukla, co-founder of the Connect Fund, highlighted the fund’s commitment to innovation. “We are dedicated to integrating new technologies and digital platforms into our investment strategy. This approach will help us stay ahead in the dynamic AVGC industry,” Shukla emphasised. Shukla’s deep expertise in the media and entertainment industry will be crucial in attracting further investments and fostering strategic collaborations.
The AVGC sector, valued at US$4 billion today, is on a trajectory to grow to US$12 billion by 2030. The Connect Fund, with a project scope of nearly Rs 300 crores, aims to capitalise on this rapid growth, offering vital capital to promising AVGC companies. The sector’s expansion is driven by the increasing demand for digital media, immersive gaming, and innovative entertainment content.
The ‘Connect’ Fund’s financial support is expected to be a game-changer for the AVGC industry, driving technological advancements and creating new market opportunities. By investing in high-potential companies, the fund aims to foster innovation and ensure the AVGC sector’s long-term growth and sustainability.