IndoUS Venture Partners has invested in Hyderabad-based animation firm VenSat Tech Services. The firm, set up by former Satyam BPO employees, provides services like animation, visual effects, motion comics and 2D/3D conversion services.
VenSat has also formed a US unit and is eyeing investments in the entertainment companies in the country. VenSat has created the visual effects (VFX) for movies like "Dabangg" and "Robot". It has also delivered a full-length animated motion picture for a major European entertainment group. It has created VF for more than 200 motion pictures and more than 50 animated motion pictures, TV episodes and DVD titles.
The company is now aggressively looking at the US market with the formation of VenSat America. The US unit has hired entertainment executive and entrepreneur, Ken Silverman, as CEO & President. The company will have offices in Los Angeles and New York City.
