Music and Movie streaming company Hungama is reportedly looking to raise a fresh $100 Million round from existing investors Intel Capital and Bessemer Venture Partners, sources close to the deal told TechCrunch.
While the investment is still in talks, this still shows investors’ continued and rapidly growing interest into India’s mobile-only startup ecosystem. Hungama had earlier raised a $40 Million round from Bessemer Venture Partners, with an undisclosed sum being invested by Intel Capital in 2012.
The content streaming service will be using fresh capital for further product development and expansion of its mobile and web presence.
Read More: k7g.in/hungam
While the investment is still in talks, this still shows investors’ continued and rapidly growing interest into India’s mobile-only startup ecosystem. Hungama had earlier raised a $40 Million round from Bessemer Venture Partners, with an undisclosed sum being invested by Intel Capital in 2012.
The content streaming service will be using fresh capital for further product development and expansion of its mobile and web presence.
Read More: k7g.in/hungam