New Delhi (India), July 10: In a significant stride towards revolutionising the Animation, VFX, Gaming, and Comics (AVGC) sector in India, ACME Group proudly announces the successful closing of the first round of funding for its ₹300 Crores CAT II Alternate Investment Fund (AIF) named “Connect.” The project has secured impressive funding from investors, marking a pivotal moment in India’s financial and creative landscapes.
A Leap Forward in AVGC
The AVGC sector, recognised 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 sector’s rapid growth, fueled by the burgeoning demand for digital media, immersive gaming, and innovative entertainment content, is further accelerated by technological integration across industries. ACME Group’s “Connect” fund is poised to capitalise on this growth, providing the much-needed capital to high-potential AVGC companies.
About ACME Group
ACME Group is a leading financial services provider specialising in investment solutions. With over 11 years of experience, they offer various services, including financial advisory, wealth management, investment banking, and corporate finance. They cater to high-net-worth individuals and corporations, helping them navigate complex investment landscapes. Known for its client-centric approach, ACME Group focuses on delivering personalised financial strategies to meet unique client needs. Their commitment to excellence and transparent practices has made them a trusted name in the financial industry.
The Visionary “Connect” Fund
The “Connect” Fund, established under the AFPL CAT II AIF Trust and registered with SEBI (Registration No.: IN/AIF2/23/24/1309), is India’s first fund dedicated to the AVGC industry. This strategic initiative aims to invest in and nurture emerging AVGC companies, driving innovation and scaling operations to meet global standards.
Ramon Talwwar, MD & CEO of ACME Group, highlighted the groundbreaking nature of the fund, stating, “Our CAT II AIF is more than just a financial tool; it’s a driver of change in the AVGC sector. We see a future where India’s AVGC industry is at the forefront of global creativity and technology. This successful fundraising shows our investors’ strong belief and trust in our vision.”
Bridging the Gap: AVGC and Capital Markets
The “Connect” Fund is made to bridge the gap between the rapidly growing AVGC sector and capital markets, providing crucial capital and strategic expertise. Abhinav Shukla, Co-Founder of Connect Fund, added, “The Connect Fund is poised to significantly impact India’s AVGC sector by providing businesses with the necessary capital and strategic guidance to achieve substantial growth and drive innovation.”
Government Support and Strategic Growth
The AVGC sector’s explosive growth is not solely driven by consumer demand but also by supportive government policies. Recent initiatives to boost the AVGC industry have created an optimal environment for investment and innovation. ACME Group’s CAT II AIF is meticulously crafted to leverage these opportunities, fostering a synergistic relationship between investors and AVGC businesses.
Ramon Talwwar expressed profound gratitude to the investors, saying, “We sincerely appreciate our investors’ steadfast support and trust. Their contributions go beyond mere financial backing; they signify a strong vote of confidence in the promising future of India’s AVGC sector. Together, we are paving the way for a new era of innovation, creativity, and economic expansion.”
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