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·  PhantomFX raises Rs 59.99 Cr via QIP to fuel global expansion and tech upgrades

·  Plans to enter new markets like North America, Europe, and Southeast Asia

·  Focus on AI-driven VFX, virtual production, and hiring top creative talent

Phantom Digital Effects Ltd. (PhantomFX), one of the top Indian visual effects (VFX) and animation houses, raised Rs 59.99 crore through a Qualified Institutional Placement (QIP) as part of its aggressive international growth plans. The proceeds will be utilized to strengthen its global footprint, invest in state-of-the-art creative technology, and consolidate its leadership status in global VFX market.

It was started by Bejoy Arputharaj in 2011, and PhantomFX has produced VFX and animation services for over 300 movies and digital content in Hollywood, Bollywood, and South Indian cinema. With a reputation for delivering work on big-budget titles such as Baahubali, The Lord of the Rings: The Rings of Power, and a number of Marvel and DC films, the studio has become one of India's leading creative powerhouses in a short period of time.

With this new injection of capital, PhantomFX aims to:

– Scale operations in priority international markets such as North America, Europe, and Southeast Asia

– Add depth to its talent pool by recruiting senior creative leadership and specialist VFX artists

– Invest in AI-facilitated pipelines, virtual production, and real-time rendering technologies

– Expand infrastructure and studio capability for premium OTT, gaming, and cinematic content

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The QIP raise indicates PhantomFX's preparedness for the next stage of expansion, drawing strength from India's increasing position as a global animation, gaming, and visual effects talent hub. It also evidences growing institutional interest in India's rapidly expanding media-tech industry.

The need for high-quality, scalable VFX has never been greater," said PhantomFX CEO Bejoy Arputharaj. "This fundraise will enable us to create world-class content, drive new partnerships, and remain at the cutting edge of storytelling innovation."

With India becoming increasingly known as a global content creation hub, PhantomFX is poised to take the lead with technology, talent, and imagination.