wordpress blog stats
Connect with us

Hi, what are you looking for?

Video Streaming Co Jigsee Gets Series-A Funding From Indian Angel Network

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), e-learning software and services providers authorGEN and Vienova.

Related:
Updated: Video On Demand Service ROK iPlayer Launches With MTNL Mumbai

You May Also Like

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...

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

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

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ