Chhota Bheem maker seeks to raise Rs 250 cr

Mumbai: Green Gold Animation, the creator of the Chhota Bheem television series and the Krishna film series, is seeking to raise ₹250 crore at a valuation of about ₹800 crore to accelerate its next phase of expansion, founder Rajiv Chilaka said.The Hyderabad-based studio, which employs around 500 people, plans to build new intellectual properties (IPs) and strengthen its animation production capacity in domestic and international markets."We are exploring a ₹250 crore raise at a ₹800 crore valuation to support our next phase of growth. The focus is on strengthening our animation capabilities and building new IPs," Chilaka said.The two decade-old company is also open to a change in ownership if it supports long-term growth. "We are open to a controlling investor if there is strong alignment and the partnership helps us scale responsibly," Chilaka said.The fundraising comes as India's media and entertainment sector faces consolidation, tighter content budgets and shifts in audience behaviour, forcing studios to rethink scale, cost structures and monetisation models.

from Economic Times https://ift.tt/hz4y2p8