WAVES Bazaar concludes with business deals worth Rs 1,328 crore
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The WAVES Bazaar , part of the broader World Audio Visual and Entertainment Summit (WAVES 2025), concluded recently in Mumbai, reporting business transactions of over Rs 1,328 crore and hosting more than 3,000 B2B meetings over three days.The Government of Maharashtra signed Memorandums of Understanding (MoUs) amounting to Rs 8,000 crore, aimed at supporting and expanding the media and entertainment (M&E) sector.The first edition of WAVES 2025 drew participation from various stakeholders including industry professionals, startups, government bodies, academia, and members of the public. The event featured exhibitions, panel discussions, and business meetings, positioning itself as a platform for dialogue and collaboration within the sector.The WAVES Bazaar saw active involvement across the film, music, radio, VFX , and animation sectors. Of the total reported transactions, approximately Rs 971 crore resulted from B2B meetings. A key feature of the marketplace was the Buyer-Seller Meet, where over 3,000 business interactions were recorded.Among the notable developments was a collaborative proposal between Film India Screen Collective and Screen Canterbury NZ to launch the first Indian Film Festival in New Zealand.Another potential international partnership was hinted at by Only Much Louder CEO Tushar Kumar and Gazprom Media CEO Alexander Zharov, who discussed early-stage plans for cross-cultural events and co-productions between Russia and India.Prime Video and CJ ENM also announced a multi-year collaboration focused on distributing Korean content to global audiences.Other announcements included the Indo-UK co-production 'Devi Chowdhurani' and the film 'Violated,' a joint project between UK-based Fusion Flicks and India's JVD Films.The Maharashtra government contributed significantly to the summit's economic agenda. MoUs worth Rs 1,500 crore each were signed with the University of York and the University of Western Australia. Additional agreements included Rs 3,000 crore with Prime Focus and Rs 2,000 crore with Godrej through the state's Industries Department.In the startup space, WAVEX selected 30 M&E startups to present their ideas to a panel of 45 investors, including representatives from Lumikai, Jio, CABIL, and WarmUp Ventures. With over 1,000 registrations, investment discussions worth approximately Rs 50 crore are said to be in progress.The Start-Up Pavilion saw participation from over 100 ventures showcasing innovative ideas and products.WAVEX aims to build a supportive ecosystem through a dedicated angel investor network, incubators, and mentorship programs. It also plans to support early-stage ideas, particularly from Tier 1 and Tier 2 cities, that may not yet have a tangible product but show strong potential.
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