Kinsane Entertainment secures US$ 2.5mn Kinsane Entertainment Inc, a global digital entertainment company has raised angel funding of US $2.5 million from a clutch of angel investors which includes Neeraj Bhargava, CEO of Zoidus Capital. The company was co-founded by Kurt Inderbitzin, Indrani Pillai, and Saahil Bhargava last year. It creates digital content for kids aged 2-11 years in numerous languages, then distributes that content globally through a variety of platforms. Kinsane plans to launch over 8 new shows and 100 games featuring 30 new characters over the next 12 months. It added that its core target market currently is US, Europe, India, Brazil, and China. Going ahead, Kinsane said it will create a wide variety of videos and games featuring original characters and once characters are famous, the company will then propagate them further through non-digital channels such as film, television, concerts and merchandising. The company operates in India through its subsidiary, Kinsane Digital LLP. It has offices across Los Angeles, New York, and Mumbai. *** ToneTag secures fresh funding of Rs 8.5cr Sound-based proximity payments company ToneTag has funding of Rs 8.5 crore from unknown investors, reports VCCircle. ToneTag’s software development kit (SDK) only requires a speaker and a microphone to work. It can utilize the in-built mic or speaker of any device to enable data transfer through sound waves and hence supports most existing devices such as PCs, POS, EDC devices and mobile phones including feature phones and wearables. The company has a partnership with YES Bank for sound-based proximity…
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