ACME Group has been at the forefront of empowering success stories across the corporate and investor ecosystems.
Indian AVGC Sector
The Indian animation, visual effects, gaming, and comics (AVGC) sector has witnessed a major boost with the successful first close of funding for the INR 300 crores ‘Connect’ Fund, an Alternative Investment Fund (AIF) by ACME Group's financial services arm AFPL Capital.
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This pioneering fund is expected to transform the AVGC landscape in India and establish it as a global hub for creativity and technology innovation. The record fundraising highlights the enormous potential investors see in the high-growth Indian AVGC industry.
AFPL Capital, part of the leading financial services institution ACME Group, has launched the Category II AIF Connect Fund dedicated to AVGC.
The Connect Fund Catalyst for AVGC Supremacy
The animation, visual effects, gaming, and comics (AVGC) sector in India is entering an unprecedented growth phase and is projected to grow at a stellar 15-20% CAGR to become a $12 billion industry by 2030. Riding on this high growth trajectory is ACME Group's financial services arm, AFPL Capital, which has recently set up India's first dedicated fund for the AVGC space - the Connect Fund.
Registered as the "AFPL CAT II AIF Trust" with SEBI (Registration No.: IN/AIF2/23/24/1309), this Category II Alternative Investment Fund (AIF) has been strategically designed by AFPL Capital to identify and back the most promising AVGC startups in India through significant capital infusion and strategic guidance.
The newly launched INR 300 Crores ‘Connect’ Fund secured its first funding from the investors, underlining investors' confidence in AFPL Capital's sharp vision and investment expertise in the AVGC arena. As the pioneering force bringing structured capital to this high-potential sector, AFPL Capital is poised to nurture various AVGC sub-segments, spanning animation, visual effects, gaming, and immersive technologies.
Fueling Exponential Growth in AVGC
With the first close of this dedicated AVGC fund garnering an impressive INR 300 crores, AFPL Capital has validated its firm commitment and sharp strategic vision for India's burgeoning creative economy.
"The successful fundraise is an endorsement of our long-term goal to transform India's AVGC ecosystem," stated Ramon Talwwar, MD and CEO of ACME Group, the parent entity of AFPL Capital. "By empowering the most promising AVGC ventures through the Connect Fund's capital and expertise, we aim to cement India's leadership in this space globally."
The company's thrust on creating a nurturing environment for innovation in AVGC stems from the Indian government's focused initiatives for supercharging the sector's growth. AFPL Capital aims to complement these policy interventions through strategic investments via its SEBI-registered CAT II AIF trust.
Abhinav Shukla, Co-Founder of Connect Fund, echoed a similar sentiment, "The Fund looks to unlock exponential development in AVGC sub-sectors by addressing key investment gaps."
With the trust and conviction demonstrated by its financial backers, AFPL Capital is primed to deliver on its vision of catapulting Indian AVGC entrepreneurs to the global stage. The successful Connect Fund first close marks just the starting point in this journey.
ACME Group has been at the forefront of empowering success stories across the corporate and investor ecosystems. Over an illustrious decade-plus journey, the company has established itself as a trusted provider of multifaceted financial services spanning advisory, investment management, and private banking.
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