Abundantia Entertainment scouts for strategic partner to raise Rs 200 to Rs 250 crore
Abundantia Entertainment, the studio behind films like Baby, Airlift, and Toilet-Ek Prem Katha, is reportedly looking to raise '200-'250 crore to fuel its ambitious content creation plans over the next two years, according to sources familiar with the matter.
Led by Vikram Malhotra, former COO of Viacom18 Motion Pictures, the studio is actively engaged in discussions with a prominent strategic partner from the West. Sources also highlighted significant domestic interest, with two investment banks managing the process.
«Given the level we have achieved and the robust slate and order book we possess, we have initiated the process for our next strategic capital raise,» Malhotra told ET in response to queries, without providing further details.
He disclosed that the capital raise is intended to fund a content slate across both films and OTT platforms, valued at '750 crore over the next two years. «Our content slate is supported by a strong pre-sale, and the order book looks even more promising,» he added.
Founded in September 2013, Abundantia initially secured funding from Dalip Pathak's Callista Capital and Ashok Wadhwa's RW Media. Malhotra later bought out the investors, gaining 100% ownership of the company.
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