Graphic India secures $2.8 M seed fund from CA Media LP and others, to launch new superheroes and character
Digital character and story creator startup Graphic India has closed $2.8 million seed round led by existing investor, CA Media LP, the Asian investment arm of The Chernin Group, LLC (TCG), and NYC based media investment group, Start Media, Founded by Michael Maher.
The new round also included prominent angel investors such as Backflip Studios founders, Julian Farrior and Dale Thoms. The company will use funds in developing digital products and apps to build direct engagement with the growing community of passionate comic book and animation fans in the country.
The company's new digital offering will release hundreds of free digital comics and digital videos in English, Hindi, Tamil and other local Indian languages. Incepted in January 2013 by media entrepreneurs Sharad Devarajan, Gotham Chopra and Suresh Seetharaman, Graphic India had previously raised $2.5 million in initial seed financing from CA Media.
Graphic India produces digital comics and animation to create new character franchises targeting the 550 million Indian youth under the age of 25 and the 850 million people mobile market as they leapfrog directly to smartphones and tablets.
On the lines of American superheroes and Japanese anime, Graphic India is tapping into the creativity of India to launch a new wave of enduring characters and mythic heroes for audiences in India and around the world.
“With smartphones increasingly becoming the preferred medium of entertainment for the youth and the ever increasing consumer reach of mobiles in India, the move towards expanding their offering and creating content for
smartphones and tablets will give them a significant boost and enthuse the next generation of comic buffs,” said Rajesh Kamat, COO Chernin Asia Media Group.
Based in Bangalore, Graphic India has worked on a diverse set of projects and collaborations like the post-apocalyptic futuristic 'Ramayana 3392 AD', 'Sholay: Gabbar', 'Girl P.O.W.E.R. Animated Series', 'Mistry P.I.' and 'Buddha'.
Recommended read: Graphic India’s web series 18 Days retells the Mahabharata like never before
The company also associated with Grant Morrison for web series 18Days in partnership with YouTube India; Devi, a female superhero from acclaimed filmmaker, Shekhar Kapur; Chakra The Invincible, the first superhero for India from legendary creator Stan Lee; and numerous other heroes and stories.
Website: India Graphic
