Update: Sequoia Capital has participated in this round of seed investment, Mohit Bhatnagar, MD at Sequoia Capital India confirmed to MediaNama. It's a small investment through the Indian Angel Network, not of a Series-A level, he added Feb 15th 2011: Canadian Wireless video streaming technology provider, Jigsee has received Series A funding from the Indian Angel Network. The details about the amount of funding have not been disclosed. Jigsee intends to use the capital to expand its India presence and to facilitate the deployment of its mobile applications in India and neighbouring countries. Jigsee focuses on deploying video on demand(VOD) solutions in low-bandwidth conditions on phones with basic features, and has tested its services in India and Bangladesh. In November 2009, Jigsee had tied up to power Bollywood Music Videos On-Demand for Hungama Digital Media. In July 2010, it had raised angel funding from a consortium of angel investors in Canada. The current edition of the company's VOD app Jigsee 1.1, which is available on Ovi and GetJar app stores, enables video on low-end J2ME devices from manufacturers like Nokia, Sony Ericsson and Micromax among others. The next version of the app, Jigsee 2.0 will extend support to Android and offer premium content from broadcasters. Jigsee was founded by Ray Newal, who was heading content and business development at Yahoo Canada and Areef Reza, who has previously worked with Nortel Networks and Research In Motion. Other ventures funded by the Indian Angel Network include online food ordering website Hungryzone (acquired recently by JustEat),…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...