Chakpak.com, a film based content portal has raised an undisclosed amount of money from VC firm Cannan Partners, according to Pluggd.in, a Yahoo employees blog. We contacted Alok Mittal of Canaan Partners about the investment, who, on being asked for a denial of the investment, said "I'm not confirming it." Independent sources have confirmed the investment to MediaNama. We have not been able to ascertain the amount of investment. Chakpak is essentially a content portal around films, covering Bollywood, Tamil and Telugu films., with movie timing, movie information, film reviews, a stars directory, video clips, wallpapers, film news etc. It has social features, but its focus appears to be more on content, though there are social features as well. Chakpak will compete with the likes of Bollywood Hungama (formerly IndiaFM), Buzz18, ZoomTV, E24Bollywood, MyPopKorn, and 45 million other many other Bollywood and celebrity focused sites. Remember, the ABC of Indian content - Astrology, Bollywood and Cricket - are all rather crowded domains. Among the monetization opportunities that Chakpak has, is a tie-up with a ticketing service. For Canaan's sake, I hope Chakpak has a miracle (or a dozen) up its sleeve. On a brighter note, based on this deal, and the one in VDOPIA that we reported last week, it appears that investments haven't completely dried up. Disclosure: I own an inconsequential number of shares of Network18; Buzz18 is a Network18 property
- China state-backed hacking groups reportedly targeted India and other countries; here’s what we don’t know February 23, 2024
- Microsoft Announces Automation of Risk Identification Process for Generative AI Systems February 23, 2024
- IRCTC announces tie-up with Swiggy for food delivery services February 23, 2024
- MoS IT Rajeev Chandrasekhar accuses Google’s chatbot Gemini of violating IT Rules February 23, 2024
- Google releases open-source AI model called Gemma February 23, 2024
The Minister's response came after an X user posted answers generated by Gemini regarding Prime Minister Narendra Modi.
Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...