Peter Chernin's CA Media Leads $2.8 Million Funding in Graphic India

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The seed financing follows the group's 2013 acquisition of a minority stake in the comic book and animation firm.

CA Media, the Asian investment arm of the Peter Chernin-led Chernin Group, is leading a new $2.8 million seed-financing round in Graphic India, the companies said Thursday.

Graphic India produces digital comics and animation to create mythological and superhero characters for the Indian youth market.

Also part of the new investment round are New York-based Start Media (founded by Michael Maher) and Backflip Studios founders Julian Farrior and Dale Thoms.

Founded in Jan. 2013 by media entrepreneurs Sharad Devarajan, Gotham Chopra (son of best-selling new age author Deepak Chopra) and Suresh Seetharaman, Graphic India had previously raised $2.5 million in initial seed financing from CA Media, which acquired a minority stake in the company.

"The next Steven Spielberg, J.K. Rowling, Stan Lee or Miyazaki exists somewhere in India, ready to change the world through their stories," said Graphic India CEO and co-founder Devarajan. "This new financing will expand our content offering and allow us to create India's premiere mobile platform for comics and animation — engaging and building a passionate community of superhero, sci-fi and mythology fans through Graphic's content and characters."

The company plans to unveil a number of digital products and apps in India, offering free digital comics and videos in English and local languages.

"An amalgamation of talent and creativity, the characters, heroes and stories from Graphic India, tap into the unique ingenuity and culture of India, but appeal to audiences worldwide," added CA Media COO Rajesh Kamat.

Graphic India's character Chakra The Invincible, created with comic icon Stan Lee (Spiderman), launched from a digital web series to a number of animated movies for Cartoon Network India. The property is also being developed as Lee's first Bollywood live-action feature.

Graphic India projects licensed for Hollywood theatrical deals include Ramayan 3392AD, in development with Mandalay Pictures; The Sadhu, which is in development with producer Mark Canton (300 films); The Leaves, in development at Lionsgate; and Titans, in development with J. Michael Straczynski (screenwriter on Thor, World War Z) and Chernin Entertainment (Planet of The Apes franchise).