NV Capital, India’s first Media & Entertainment Credit Fund, recently announced plans to organize virtual roadshows to tap investors across the UAE aimed at $67 million.
Given the active involvement of Indian diaspora investing across various equity and debt instruments in India, as well as exploring new alternative asset classes, NV Capital is looking forward to raising funds from HNIs, NRIs, Family offices, and Financial Institutions based out of the UAE to participate in this growth story.
Founded by industry professionals and ex-bankers Nitin Menon and Vivek Menon, NV Capital will be also India’s first credit fund focused on the ‘Media and Entertainment’ sector with the objective of investing in content creators, OTT platforms, and gaming and entertainment start-ups.
Commenting on the plans, Vivek Menon, Co-Founder & Managing Partner, NV Capital, said, “Given the rise of the UAE as a preferred destination for global Foreign portfolio investments (FPIs), it is eminent for the country to become the gateway of new-age sectoral funding to countries like India. At the same time, owing to cultural similarities, a large expat population of Indian origin, and sustained tie-ups with Indian media and entertainment industry, the UAE remains a key market for garnering funds.”
With close to 1500 movies being released every year, combined with the rapid rise of multiple OTT monetization platforms which showcased 180+ web series and 80+ direct to OTT film launches in Hindi language alone since last year, the value of content has been growing exponentially. This trend highlights the scope and enormous opportunity in entertainment financing where content creators are in constant dearth of capital to scale up.
Also, digital media & gaming are the other two subsegments that continue to grow expeditiously, with online gaming alone expected to grow at a CAGR in excess of 25%. With this demand for content, digital & gaming rising and in the absence of institutional credit, NV Capital’s vision is to be pioneers in financing these verticals thereby aiding in nurturing and monetizing the creative ecosystem.
Speaking on the opportunity, Nitin Menon, Co-Founder & Managing Partner, NV Capital, said, “The last 10-15 years have witnessed meteoric growth in this alternative asset class with the support of ancillary revenue monetization platforms like broadcasting, and music among others, and now the recent OTT phenomenon. The investment in programming by media houses in OTT more than doubled from $260 mn in 2017 to $700 mn in 2020. Further, with the recent Amazon-MGM and the Warner-discovery deal, the war for content manufacturing is getting bigger globally and India would be a recipient of these content spends as the next big market.”
For more information on N V Capital visit www.nvcap.in
Source: Press Release