ACME Group’s ‘Connect’ Fund Secures First Round of Funding in 300 Crore INR Project Initiative

ACME Group’s ‘Connect’ Fund Secures First Round of Funding in 300 Crore INR Project Initiative

ACME
Group
has
announced
the
successful
completion
of
the
first
round
of
funding
for
its
groundbreaking
‘Connect’
Fund,
marking
a
significant
step
towards
bolstering
India’s
burgeoning
Animation,
Visual
Effects,
Gaming,
and
Comics
(AVGC)
sector.
The
‘Connect’
Fund,
a
pioneering
initiative
by
ACME
Group
under
the
AFPL
CAT
II
AIF
Trust
and
registered
with
SEBI
(Registration
No.:
IN/AIF2/23/24/1309),
is
set
to
be
a
game-changer
for
the
industry,
which
is
poised
for
exponential
growth
with
a
total
project
scope
of
300
Crore
INR.

The
‘Connect’
Fund,
India’s
first
of
its
kind
fund
dedicated
exclusively
to
the
AVGC
industry,
aims
to
provide
much-needed
financial
support
to
high-potential
companies
within
the
sector.
The
AVGC
industry,
recognized
by
the
Indian
Government
as
a
critical
area
of
focus,
is
currently
valued
at
approximately
$4
billion
and
is
projected
to
triple
to
$12
billion
by
2030.
This
rapid
growth
is
driven
by
the
increasing
demand
for
digital
media,
immersive
gaming,
and
innovative
entertainment
content,
coupled
with
technological
advancements
across
industries.

Leadership
and
Vision

Ramon
Talwwar,
Managing
Director
and
CEO
of
ACME
Group
expressed
his
heartfelt
gratitude
for
the
support
received,
stating,
“This
is
a
momentous
occasion
for
us
at
ACME
Group.
The
first
round
of
funding
for
the
‘Connect’
Fund
represents
a
significant
milestone
in
our
journey
to
support
and
accelerate
the
growth
of
India’s
AVGC
sector.
With
over
two
decades
of
leadership
experience
in
Capital
Market
&
Investment
Banking,
I
am
confident
that
our
strategic
approach
will
identify
and
nurture
new
market
opportunities,
ensuring
sustained
growth
for
the
industry.”

Abhinav
Shukla,
Co-founder
of
the
‘Connect’
Fund
and
a
seasoned
veteran
in
the
Media
and
Entertainment
industry,
highlighted
the
fund’s
innovative
strategies.
“Through
the
‘Connect’
Fund,
we
aim
to
integrate
new
technology
and
digital
platforms
into
our
investment
strategy,
ensuring
that
we
stay
ahead
in
a
rapidly
evolving
industry.
Our
focus
is
not
only
on
fundraising
but
also
on
crafting
innovative
strategies
to
connect
with
potential
investors
and
partners,
leveraging
the
latest
digital
tools
and
platforms,” Shukla
remarked.

Project
Scope
and
Future
Prospects

The
‘Connect’
Fund
boasts
a
project
scope
of
nearly
300
Crore
INR,
underscoring
its
ambitious
vision
for
the
AVGC
industry.
This
substantial
investment
is
not
merely
a
financial
commitment
but
a
testament
to
ACME
Group’s
dedication
to
fostering
innovation
and
excellence
within
the
sector.
The
fund
aims
to
bridge
the
gap
between
the
industry’s
current
state
and
its
vast
potential,
providing
the
necessary
capital
to
drive
growth
and
development.

Catalyst
for
Growth

The
AVGC
sector
in
India
has
been
designated
as
one
of
the
12
Champion
Service
Sectors
by
the
Indian
Government,
reflecting
its
immense
potential
to
contribute
to
the
country’s
economy.
The
sector
is
expected
to
create
significant
employment
opportunities,
with
projections
estimating
the
creation
of
over
20
lakh
jobs
by
2030.
The
‘Connect’
Fund
is
poised
to
play
a
pivotal
role
in
this
growth
trajectory,
acting
as
a
catalyst
for
the
industry’s
expansion
and
success.

Industry
Insights
and
Future
Outlook

The
‘Connect’
Fund’s
first
round
of
funding
marks
a
significant
milestone,
but
it
is
just
the
beginning.
The
fund’s
strategic
vision
and
robust
financial
support
will
enable
AVGC
companies
to
innovate,
expand,
and
compete
globally.
The
rapid
growth
of
the
AVGC
sector,
fueled
by
technological
advancements
and
increasing
demand
for
digital
content,
presents
a
unique
opportunity
for
India
to
establish
itself
as
a
global
leader
in
the
industry.

Ramon
Talwwar
and
Abhinav
Shukla,
along
with
the
entire
team
at
ACME
Group,
remain
committed
to
driving
the
growth
of
the
AVGC
sector.
Their
combined
expertise
and
visionary
leadership
will
ensure
that
the
‘Connect’
Fund
continues
to
support
and
nurture
high-potential
companies,
contributing
to
the
overall
development
of
the
industry.

Original news source Credit: www.filmibeat.com
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