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Cosmos-Maya to invest $50 mn to expand into Europe and North America

The Indian animation company aims to grow five-fold in the next three years.

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Mumbai: Indian animation company, Cosmos-Maya, is planning global expansion and aims to grow five fold in the next three years. The company has drawn up a blueprint to scale up in new geographies with an investment in the range of $50 million, expanding in the Europe Union and establishing a significant scale in North America. 

The company is reported to be evaluating multiple acquisition opportunities to have a strong on-ground presence in the US and Canada.  

Over the last few years, the growing viewership of animated content coupled with the habit of binge-watching, which took-off during the pandemic has led to a rapid increase in demand for animation in India and international markets.

The company is investing to further strengthen tech infrastructure and on-board global talent. Alongside the international expansion, Cosmos-Maya has dedicated teams focussed on building on its dominant leadership position in the Indian animation market. The company is setting up state-of-the-art studios across multiple cities in India to cater to the fast-growing demand for kids’ content in India.

Cosmos-Maya founders, Ketan Mehta and Deepa Sahi, are leading the initiatives to bring together the best minds in business from and outside India and be involved in expanding the leadership team.

Commenting on Cosmos Maya shaping up to be an international player, Mehta said, “Cosmos-Maya has been a pioneer in the field of Indian kids animation, and has established market dominance in India through its popular IPs like Motu Patlu, Vir the Robot Boy, Selfie with Bajrangi, etc. The company has now set sight on building a strong international presence by aggressively expanding in the North American market.”

Backed by Singapore-headquartered NewQuest Capital Partners, part of the TPG group, the company is also building significant capabilities and technological infrastructure to leverage nascent but fast-growing opportunities in NFT and metaverse.

Sahi said, “It is an exciting time to lead teams to newer avenues and lucrative opportunities. Cosmos-Maya with its deep animation expertise and experience with new-age technology platforms, is best poised to take advantage of the emerging opportunities.” 

Commenting on the recent exit of CEO, Anish Mehta founder Cosmos Maya said, “We thank Anish for his contribution in Cosmos-Maya’s journey till now, and wish him the best for his new entrepreneurial endeavour.”

Cosmos-Maya has a slew of announcements in store for 2022 in terms of both new projects and international expansion.

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