KITVEN launches Rs.20-Cr fund for animation startups

Karnataka Information Technology Venture Capital Fund (KITVEN) , backed by the state government, has launched a fund for the Animation, Visual Effects, Gaming, and Comics (AVGC) sector with a corpus of INR 20 crore.The fund will invest between INR 0.5 crore and INR 2 crore in early-stage startups and small and medium businesses (SMEs) in the AVGC sector in the form of equity, referred capital (convertible/redeemable) or debentures.