Digikore Studios Approves ₹350 Million Fundraise and Appoints New CFO to Power Global VFX Ambitions

Digikore Studios Ltd has announced a multi-pronged capital infusion plan totaling ₹350 million, aimed at accelerating its growth in visual effects (VFX), virtual production, and AI-driven content. The board has also approved the appointment of Rakesh Nikalje as Chief Financial Officer, signaling a strategic shift toward institutional-grade financial governance.

 

Key Highlights and Strategic Developments:

 

The board has cleared a ₹350 million fundraising plan through a mix of preferential allotment and/or Qualified Institutional Placement (QIP), targeting both domestic and global investors.

 

Of this, up to ₹150 million will be raised via convertible warrants issued to promoters and strategic investors, enhancing long-term alignment and capital flexibility.

 

The capital will be deployed toward expanding Digikore’s VFX production capacity, investing in proprietary AI tools, and scaling its North American and European client base.

 

The company is also expected to channel funds into its virtual production pipeline, which has recently secured marquee contracts with CBS Studios and Viacom18.

 

Rakesh Nikalje, a seasoned finance executive with over 18 years of experience in media and technology sectors, has been appointed as CFO. He replaces interim CFO Ketan More and is expected to lead capital structuring, investor relations, and compliance initiatives.

 

Conclusion: With a fresh infusion of capital and a new CFO at the helm, Digikore Studios is positioning itself as a next-generation content powerhouse. The dual focus on financial discipline and creative scale underscores its ambition to become a global leader in high-end VFX and immersive storytelling.

 

Sources: Moneycontrol, MarketScreener, Economic Times, Digikore Studios Investor Filings, Sovrenn Insights