{"id":31175,"date":"2024-07-10T15:32:37","date_gmt":"2024-07-10T10:02:37","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/10\/acme-groups-connect-fund-as-aif-marks-a-new-era-for-avgc-sector-with-major-funding-secured\/"},"modified":"2024-07-10T15:32:37","modified_gmt":"2024-07-10T10:02:37","slug":"acme-groups-connect-fund-as-aif-marks-a-new-era-for-avgc-sector-with-major-funding-secured","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/10\/acme-groups-connect-fund-as-aif-marks-a-new-era-for-avgc-sector-with-major-funding-secured\/","title":{"rendered":"ACME Group\u2019s \u2018Connect\u2019 Fund as AIF Marks a New Era for AVGC Sector with Major Funding Secured"},"content":{"rendered":"
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New Delhi (India) July 10 :<\/strong> ACME Group has taken a significant step forward by securing the initial funding for its INR 300 Crores groundbreaking CONNECT FUND, a CAT II Alternate Investment Fund (AIF). This fund is poised to transform India\u2019s Animation, VFX, Gaming, and Comics (AVGC) sector, elevating it to international prominence as a hub of innovation and creativity.<\/p>\n

The successful fundraising reflects the strong confidence in\u00a0ACME Group<\/a>\u2019s vision to revolutionise the AVGC industry, driving growth and fostering technological advancements. With this initiative, ACME Group aims to position India as a global leader in the digital media landscape, marking a pivotal moment in the country\u2019s journey towards creative excellence.<\/p>\n

Growth Potential of AVGC in India<\/strong><\/p>\n

India\u2019s Animation, VFX, Gaming, and Comics (AVGC) sector is on the cusp of a significant boom, presenting an incredible opportunity for growth and innovation. Recognised by the Indian Government as a critical focus area, the AVGC industry is currently valued at around $4 billion. Projections indicate that this value is set to soar to $12 billion by 2030, driven by a compound annual growth rate (CAGR) of 15-20%.<\/p>\n

Several factors are fueling this impressive growth trajectory. The increasing popularity of digital media, the rising demand for immersive gaming experiences, and the integration of advanced VFX in films and television are key drivers. Additionally, the widespread use of AVGC technologies across various industries, including education, healthcare, and advertising, is expanding the sector\u2019s reach and impact.<\/p>\n

Catalyst for Change<\/strong><\/p>\n

ACME Group is set to transform the Animation, VFX, Gaming, and Comics (AVGC) industry in India, pushing it to the forefront of global creativity and technological innovation. As the AVGC sector continues to experience rapid growth, ACME Group is unwavering in its dedication to driving positive change and supporting unprecedented growth. The successful fundraising for the CAT II AIF marks a significant milestone in ACME Group\u2019s long-standing tradition of excellence and innovation in the financial industry.<\/p>\n

Ramon Talwwar<\/a>, MD & CEO of ACME Group, stressed the Connect Fund\u2019s revolutionary potential, saying, \u201cOur CAT II AIF is far more than a financial product; it\u2019s a catalyst for transformation in the AVGC sector. We envision India becoming a world leader in creativity and technological advancements. This successful fundraising demonstrates our investors\u2019 strong trust in our vision.\u201d<\/p>\n

Abhinav Shukla, Co-Founder of the Connect Fund, stated, \u201cThe Connect Fund aims to profoundly influence India\u2019s AVGC sector by providing the crucial capital and strategic direction necessary to achieve significant growth and innovation.\u201d<\/p>\n

ACME Group\u2019s Legacy of Excellence<\/strong><\/p>\n

ACME Group has a distinguished legacy of over 11 years in the financial services industry, known for its excellence and innovation. It is proficient in wealth management, financial advisory, and investment banking and serves a diverse clientele, including corporations and high-net-worth individuals. Its client-centric approach and commitment to delivering tailored investment solutions have set it as a trusted leader in the financial sector.<\/p>\n

Commitment to Economic Growth<\/strong><\/p>\n

ACME Group is dedicated to fostering economic growth by investing in high-potential sectors like AVGC. Through strategic funding and expert guidance, they aim to drive innovation and create new opportunities within the industry. By supporting emerging companies and nurturing creative talent, ACME Group is committed to contributing to the broader economic development and positioning India as a global leader in technological advancements and creative industries.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India) July 10 : ACME Group has taken a significant step forward by securing the initial funding for its INR 300 Crores groundbreaking CONNECT FUND, a CAT II Alternate Investment Fund (AIF). This fund is poised to transform India\u2019s Animation, VFX, Gaming, and Comics (AVGC) sector, elevating it to international prominence as a…<\/p>\n

Read More “ACME Group\u2019s \u2018Connect\u2019 Fund as AIF Marks a New Era for AVGC Sector with Major Funding Secured”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":31176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-31175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=31175"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/31176"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=31175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=31175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=31175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}