Abundantia Entertainment Intends to Raise Rs 200-250 Cr, Seeking for a Strategic Partner

Abundantia Entertainment, the studio behind films like as Baby, Airlift, and Toilet-Ek Prem Katha, is reportedly trying to raise '200-'250 crore to fund its ambitious content production aspirations over the next two years, according to persons familiar with the situation.

Vikram Malhotra, former COO of Viacom18 Motion Pictures, is leading the studio's discussions with a key strategic partner from the West. According to sources, there is strong domestic interest in the process, which is being managed by two investment banks.

"Given the level we have achieved and the robust slate and order book we possess, we have initiated the process for our next strategic capital raise," Malhotra said.

He revealed that the cash raise is designed to develop a content pipeline spanning both films and OTT platforms worth '750 crore over the next two years. "Our content slate is supported by a strong pre-sale, and the order book looks even more promising," he said.

Abundantia, founded in September 2013, received early funding from Dalip Pathak's Callista Capital and Ashok Wadhwa's RW Media. Malhotra later bought out the investors, assuming full ownership of the company.

Abundantia is willing to divest a significant minority ownership, often to a strategic or long-term partner. Malhotra emphasized that the primary focus is on securing quality capital.