wordpress blog stats
Connect with us

Hi, what are you looking for?

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

apalyaidgq1Hyderabad-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 build up on infrastructure and scale up its workforce in the country – it employs 50 personnel currently. “We were a pretty small team; we want to bring expertise so that we are ready for the 3G operations,” Vamshi Reddy, CEO, Apalya Technologies, told Medianama. And was the funding essentially for survival or growth of Apalya? The answer, along with details on the current market size and competition, will appear in an interview tomorrow so dont forget to check Medianama.

IDG Ventures has invested in portal Myntra, online ad network Ozone Media and gaming firm Kreeda and Qualcomm Ventures in mobile payment firm Obopay, mapping company MapmyIndia, voice SMS provider Kirusa in India. It also has a stake in another mobile TV company, US-based GoTV Networks.

T C Meenakshisundaram and Ranjith Menon of IDG Ventures India (profiles here) will join the board of directors at Apalya while Karthee Madasamy of Qualcomm Ventures has joined as a board observer and is in a similar role for Kirusa and Tessolve.

Related

Star TV Launches Star One, Star Vijay On Mobile TV; New Mob TV App; WAP Site Soon

3rd Space Partners RCOM To Launch Ad-Funded Videos On Mobile; Mobile TV Next

TTML Launches MobileTV With Apalya

All stories on Mobile TV

You May Also Like

News

A Group of Ministers has advised against the BSNL–MTNL merger, Business Standard reported. This essentially ends any prospect of the merger between the two...

News

The Competition Commission of India on Friday said that Content Delivery Networks (CDNs) such as Akamai and Amazon Web Services should be monitored for...

News

Key takeaways Jio lost millions of subscribers due to a Reliance boycott that was part of the farmer protests; the company ended up adding...

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ