Indiantelevison.com: Ketan Mehta promoted Maya Entertainment Ltd, a leading computer animation and visual effects studio for film and television in India, has received a third round of funding to meet its expansion plans from Intel Capital. Intel’s investment in Maya is from its newly floated $250 million India Technology Fund.
Maya has got outsourcing contracts worth $5 million to be executed over a period of 18 months. “We are doing it for a UK-based production company,” says Maya Entertainment Ltd CEO Rajesh Turakhia. It will soon expand its seat capacity to 200, and is targeting a 300-seat capacity by beginning of 2007. The company is in negotiations for three more animation outsourcing projects. Intel Capital first invested in Maya in 2000. The second round of funding took place in 2003.
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