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Nikhil Kamath invests in Vijay Subramaniam-led Collective Artists Network

Purchases InMobi owned Glance's stake from the diverse integrated media solutions company.

by MN4U Bureau
May 22, 2024
in Advertising
Reading Time: 2 mins read
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Nikhil Kamath
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Nikhil Kamath has invested in Vijay Subramaniam-led Collective Artists Network, marking a strategic milestone in the company’s trajectory. This secondary transaction provides a strategic exit for InMobi’s Glance, yielding over 5X returns, as Collective, a talent management expert, rebrands to a dynamic new media entity.

Collective Artists Network provides diverse integrated solutions spanning talent management, tech, production, strategy, influencer and youth marketing, sports sponsorship, consulting, and media distribution. This comprehensive approach aims to redefine creator-led media businesses, connecting effectively with varied audiences in the current dynamic media landscape.

Following a recent collaboration, Nikhil Kamath’s Gruhas and Collective Artists Network introduced the Gruhas Collective Consumer Fund (GCCF) to support consumer-focused enterprises by offering financial backing, mentorship, operational support, marketing, and brand-building assistance.

Nikhil Kamath commented, “Investing in Collective’s vision feels like a natural progression. I’ve witnessed the company’s evolution over the last couple of years and I’ve known Vijay now closely and believe in his vision of the transformation of this space. We share a similar outlook towards the India story. I look forward to being part of this journey wherein Collective challenges the status quo and aims to redefine the media landscape and the creator ecosystem.”

Vijay Subramaniam, Founder, and Group CEO of Collective Artists Network, echoed Nikhil’s sentiments, emphasizing the significance of their enduring relationship. “Nikhil’s investment is not merely a financial endorsement; it symbolizes the trust and synergy we’ve cultivated over the years. I have been clear since the onset that we need to institutionalise our space which has largely been unorganised. This vision will ensure we provide shareholder value and set new benchmarks in media, tech and entertainment.”

He added, “I thank Glance for being valuable partners in this journey and feel great about validating their trust in us.  Nikhil and I have known each other for the past few years, and during this time, we’ve come to share the belief that India is moving toward the centre of the world. Media and entertainment will play a significant role in the growth story of the country.”

The company’s innovation commitment is clear through projects like BigBang.Social, Collective Creative Labs, M19, and acquisitions such as Under 25 Universe. This showcases its dedication to fostering creativity, inclusivity, and technology advancement.

From Bangalore, Nikhil and Vijay’s deep friendship and business foundation of respect and trust enrich their strategic partnership. In pop culture, Collective aims to elevate India on the global stage, marking a new chapter of innovation and success for Collective Artists Network.

Tags: Nikhil KamathVijay Subramaniam

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