your password has been reset successfully, Please login again.

Reliance Big Entertainment, others invest Rs 10 Cr in Wishberry

The Series A funding will also be used to expand the team and bring on board experienced talent in the film production & distribution space.
BY BEx Bureau
Jul 13, 2018

Wishberry, a crowd funding platform for filmmakers creative artist, has raised Rs 10 crores in Series A funding led by Reliance Big Entertainment, Dr. Sunil Patil, Director on the Board of Scrabble Entertainment Ltd and 3one4 Capital.

Founded by Priyanka Agarwal Anshulika Dubey, Wishberry will support low-budget cinema by launching a film financing platform The platform will help High Net-worth Individuals (HNIs) discover and invest in low budget regional content-driven cinema, in exchange for a share of the films profits.

Low budget cinema, has a good opportunity to be monetized with the right strategy. Wishberry's plan to organize funding and distribution for such cinema is the need of the hour said Shibasish Sarkar, COO, Reliance Big Entertainment.

The Series A funding will also be used to expand the team and bring on board experienced talent in the film production distribution space. Wishberry will continue its Kickstarter-style rewards-based crowd funding platform, which depends on fan funding for creative projects such as short films, documentaries and music videos, in exchange for non-monetary returns such as invite to the premieres, dinner with cast/crew and exclusive first access to the projects.

So far, Wishberry has already raised over Rs 5 crores for four feature films; Chuskit, a Ladakhi film about paraplegic girl who is battling her condition to go to school, the film will be premiering at the Giffoni Film Festival in Italy, one of the largest Children film festival in the world; 1 Missed Call a Marathi film set in the 90s that is a satirical tale of a village in India that witnesses its first mobile phone before it even gets electricity; Chippa a Hindi coming of age film starring child actor Sunny Pawar of the Oscar-winning Lion fame as the main lead and a Tamil film called Sethum Aayiram Pon, about a struggling makeup artist in Chennai who visits her maternal village to do make-up, not for the living but the dead.

Wishberry has raised these funds from a clutch of HNIs and has mobilized over 400 HNIs so far for investing in low budget cinema. We aim to educate and mobilize more HNIs about the lucrative investment opportunity in these kind of films said Wishberry statement.

Please add your Comment
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta