Vistas Media raises $10 million from Kitara Capital
Vistas Media Capital, which has ambitions to raise $100 million in capital for its film and digital content projects in India, has closed a $10 million funding deal with Kitara Capital, a Middle East-based global investment group.
“We have raised $10 million from Kitaara Capital. This is our first investment for the company, and we intend to raise $100 million for investing in film and digital content over the next three years,” Abhayanand Singh, CEO of Vistas Media, told ET.
Singh added that the company will utilise the funds to develop, produce, finance, and distribute Indian content across theatrical and digital platforms globally.
«We currently have theatrical and non-theatrical films, as well as digital content, under development in Hindi and Tamil.
