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Mobile TV Co Apalya Raises $3M From IDG Ventures & Qualcomm Ventures

Hyderabad-based Apalya Technologies or MiMobiTV, has raised $3 million in its second round of funding, from venture capitalists IDG Ventures India and Qualcomm Ventures. A year ago, Apalya received Rs 20 million from Mumbai Angels and has since launched mobile TV for a slew of telcos including Tata Indicom, Aircel (in Tamil Nadu only), Idea Cellular and Vodafone. What For? With the funds, the Mobile TV company will prepare for 3G, which is expected to be deployed next year with auctions being postponed again, this time to allow foreign telcos to participate and keeping in mind that the Christmas holidays are nearing. Apalya is already powering mobile TV for 3G networks of BSNL and MTNL (in Delhi). Apalya will introduce customised entertainment channels, premium video programming and exclusive to the mobile content for 3G networks.  Besides product development it will also…

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