Rana Daggubati-backed Spirit Media will get funding
Spirit Media, a content material and model improvement agency based by actor- entrepreneur Rana Daggubati, has raised an undisclosed quantity of funding from Gruhas, led by Nikhil Kamath and Abhijeet Pai.
The agency, established in 2005, will utilise the proceeds to strengthen its IP-led development mannequin throughout varied platforms, together with television, film, and digital media, to achieve a world viewers.
Rana Daggubati, an inheritor of Suresh Productions, one of many oldest movie manufacturing corporations within the nation, shot to the limelight along with his villain position within the blockbuster film, Baahubali.
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“We sit up for giving India’s media, entertainment, and model creators the chance and sources to rework the nation by way of pursuing their goals,” he stated, commenting on the investments from Gruhas.
Quoting experiences, he stated the Indian media and leisure trade was anticipated to cross the ₹4.30-lakh-crore mark by 2026, with varied authorities initiatives and altering shopper preferences driving development.
“With this funding from Gruhas, Spirit Media is poised to turn out to be a go-to platform for creators and entrepreneurs seeking to entry the sources they should produce, market, and distribute their content material globally,” a Spirit Media government stated.
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With a rising urge for food for digital content material, the demand for high-quality, IP-driven content material is on the rise, making corporations like Spirit Media well-positioned to capitalise on this pattern.
“We recognise the potential of Spirit Media and its distinctive enterprise mannequin and see it as a superb alternative to spend money on an organization with potential,” Nikhil Kamath, Co-Founding father of Gruhas, stated.