By Our Staff

Singapore-based media and entertainment-related investments company, Vistas Media Capital, has announced the acquisition of a majority stake in Paperboat Design Studios, an animation and design company. The studio, with more than 250 full-time employees across offices in Mumbai and Hyderabad, will, notes a communique, help stride Vistas Media Capital’s growing media ecosystem that spans across film and video content, NFT, gaming and metaverse.

Said Abhayanand Singh, Group CEO, Vistas Media Capital: “Paperboat is a team of passionate, talented and creative people, with a proven track record in animation and VFX. We welcome them to the Vistas eco-system and hope to have a synergistic relationship to grow the business beyond India across content, gaming and metaverse.”

Added Soumitra Ranade, CEO and Co-Founder of Paperboat Design Studio: “We are extremely excited about being a part of Vistas Media Capital as it gives us an opportunity to explore exponential growth across genres and markets. The capital infused will be used to expand the team, create original IPs, and cross synergize other verticals with them. The business and its offerings are at an inflection point of massive explosion in the post COVID world, across digital and traditional media.”