Graphic India Raises $2.8 Million to Launch Mobile Superheroes
Graphic India Raises $2.8 Million to Launch Mobile Superheroes
Digital comics and animation company Graphic India announced Thursday that it closed a new seed-financing round of $2.8 million.
The new financing round was 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 angel investors, such as Backflip Studios founders, Julian Farrior and Dale Thoms.
Graphic India produces digital comics and animation to create new character franchises targeting Indian youth under the age of 25 and mobile market including smartphones and tablets.
Graphic India says it will unveil a number of digital products and apps in India to build direct engagement with the growing community of comic book and animation fans in the country.
Graphic India Raises $2.8 Million to Launch Mobile Superheroes
The new digital offering will release free digital comics and digital videos in English, Hindi, Tamil and other local Indian languages.
Founded 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.
