wordpress blog stats
Connect with us

Hi, what are you looking for?

Amar Chitra Katha Raises GBP 4 Million From Elephant Capital & Related Entities

Amar Chitra Katha Pvt Ltd has raised GBP 4 million (around Rs. 27.4 crore or $5.9 million) from investors including Elephant Capital. Elephant Capital is investing, for a “significant minority stake”, GBP 3.2 million ($4.7 million) through its Maurutian subsidiary Tusk Investments Fund 1, another GBP 0.5 million through a co-investment vehicle, and Gaurav Burman, MD of Elephant Capital, will make an additional, personal investment of GBP 0.3 million.

Elephant Capital will appoint two directors to the board of ACK, Gaurav Burman and Amit Jain, representing one third of the board seats. In the digital space, Elephant Capital had previously invested in Global Cricket Ventures.

Now this is just a part of the overall funding that ACK plans to raise – speaking with MediaNama last month ACK Media COO Ashish Goel had said that the company is looking to raise over Rs. 100 crore. Interesting to note the change in the name of the entity – Amar Chitra Katha Pvt Ltd, instead of ACK Media.

Founded in 2007, ACK has a catalogue of over 500 print and 100 digital products, and 25 proprietary characters, with brands including “Amar Chitra Katha”, which has around 450 titles; “Tinkle”, a children’s magazine with 500 issues and a circulation of around 125,000 per month; Karadi Tales, an acquisition in the audio and video content for pre-school children space, with over 50 titles. ACK has been looking to expand its content to TV, Film, Home Video,Merchandise and school programmes, and has studios in Mumbai, Bangalore, and Chennai that develop new content. Animated series of Amar Chitra Katha and Karadi Tales recently launched on Cartoon Network India and Disney Channel India respectively, and two animated films, again with Cartoon Network India already in the pipeline.

In May 2010, ACK announced the acquisition of India Book House (IBH), India’s largest books and magazine distributor, which gives it a distribution network covering direct to consumer channels and the indirect channel including four key sectors: books / video stores (1000+), magazine vendors (10,000+), school book stores (50,000+) and stationary stores (65,000+).

Advertisement. Scroll to continue reading.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?


A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'


India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ