They never intended to launch. They just wanted to create some fake hype among the anime fans. In January they posted an announcement on Discord that due to some unforeseen reasons they are stopping this project. Followed by deleting all their social media handles.
It was pretty obvious from the beginning. How are they supposed to purchase all those licensing rights without any form of funding or investment. I feel like they were just a bunch of kids just trolling everyone.
Crypton & Graphic India & one more animated studio together announced they would make animated series on hatsune miku (vocaloid) , graphic India (indian animation studio) posted on their social media handle on twitter