Online Video Service Tinselvision Gets $3 Million Second Round
By Nikhil Pahwa - Tue 20 Nov 2007 02:13 PM PST
A fresh influx of more than $3 million in funding for Tinselvision, an online VOD service targeting South Asian communities in the US, UK and Canada, has been led by its current largest investor - Innovative Entertainment Limited, a Geneva based subsidiary of Innovate Energy Group. The second round financing, Tinselvision claims, gives it a “pre-launch, post-money valuation at nearly $20 million”. IEL had invested $3 million in the venture just five months ago. Money from the current round of funding will be used for investing in online marketing, hiring, content acquisition, advertising sales and distribution.
Posted in: Broadband, Countries, Asia, India, Entertainment, Movies, VC+M&A
