ACME Group, a leading institution in the financial advisory and wealth management landscape, proudly announces a monumental leap forward with the successful raising of the first round of funding for its pioneering CAT II Alternate Investment Fund (AIF) named CONNECT FUND for INR 300 Crores. This landmark project is set to revolutionize the Animation, VFX, Gaming, and Comics (AVGC) sector in India, positioning it on the global map as a powerhouse of creativity and innovation.
A Pioneering Force in AVGC
The AVGC sector, recently acknowledged by the Indian Government as a critical focus area, is currently estimated at approximately $4 billion and is on an accelerated trajectory to reach $12 billion by 2030. This sector is growing at an impressive compound annual growth rate (CAGR) of 15-20%, driven by the surging popularity of digital media, an insatiable demand for immersive gaming and entertainment content, and the rapid integration of AVGC technologies across various industries.
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. The Connect Fund, a pivotal component of the AFPL CAT II AIF Trust, is strategically designed to invest in high-growth, emerging AVGC companies in India, identifying and nurturing the most promising ventures that have the potential to redefine the industry.
This fund aims to bridge the significant gap between the burgeoning AVGC sector and capital markets, providing the crucial capital and strategic expertise needed for AVGC businesses to scale and innovate.
Strategic Vision and Firm Commitment
“Our CAT II AIF is not just a financial vehicle; it is a catalyst for transformation in the AVGC sector,” declared Ramon Talwwar, MD & CEO at ACME Group. “We envision a future where India’s AVGC industry leads the world in creativity and technological innovation. This successful fundraise underscores the immense confidence and trust our investors place in our vision.”
“The Connect Fund is set to play a transformative role in India’s AVGC sector, empowering businesses with the capital and strategic guidance required to drive significant growth and innovation,” added Abhinav Shukla, Co-Founder of Connect Fund.
The AVGC sector’s explosive growth is not merely a result of rising consumer demand but is also bolstered by a supportive policy framework from the Indian Government. Recent governmental initiatives aimed at boosting 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.
“We are deeply grateful to our investors for their unwavering support and trust,” added Ramon Talwwar. “Their contributions are more than financial investments; they are a powerful endorsement of the bright future of India’s AVGC sector. Together, we are setting the stage for a new era of innovation, creativity, and economic growth.”
As the AVGC sector continues its meteoric rise, ACME Group remains relentless in its commitment to driving positive change and fostering unprecedented growth. The successful fundraising for the CAT II AIF marks a significant milestone in ACME Group’s illustrious legacy of excellence and innovation in the financial industry.
About ACME Group
With over 11 years of unparalleled experience, ACME Group is a leading provider of investment solutions, offering a comprehensive suite of services, including financial advisory, capital markets, wealth management, investment banking, corporate finance, and alternate asset management.
ACME Group’s client-centric approach serves a diverse clientele, from thriving corporations to high-net-worth individuals and families, guiding them through the intricate landscape of investments.
Moneycontrol Journalists are not involved in creation of this article.
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