SG's Vistas Media Capital bets on hyperlocal content plays, eyes two more SPACs

SG's Vistas Media Capital bets on hyperlocal content plays, eyes two more SPACs

Abhayanand Singh (right) and Saurabh Gupta of Vistas Media Capital

When Abhayanand Singh and his business partner Saurabh Gupta were preparing a year ago to launch their media-focused SPAC (special purpose acquisition company), one investor they approached told them the SPAC market may already be overcrowded.

They launched their SPAC anyway, as one of the first Asian sponsors in the market, leveraging on their industry experience in hyperlocal content to target media and entertainment plays.

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