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Home / News / Business News / Xiaomi leads Rs.170 crore investment in Hungama
  • Business

    Xiaomi leads Rs.170 crore investment in Hungama

    Vaneet Randhawa
    Written by
    Vaneet Randhawa
    Mail
    Last updated on Apr 05, 2016, 08:06 pm
    Xiaomi leads Rs.170 crore investment in Hungama
    Credits:
  • Xiaomi led a $25-million (Rs.170 crore) in Hungama Digital Media Entertainment.

    With this investment in an aggregator and publisher of entertainment content on the internet, Xiaomi marked its first investment in India.

    Xiaomi invested along with Hungama's existing investors "Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala".

    It plans to blend Hungama's video on demand service with the Mi platform on smartphones.

  • In this article
    Hungama.com: From a promotions agency to an entertainment biggie 20 million users and over 5000 assorted movies Hungama launches its gaming portal Hungama launches Artist aloud Bessemer Venture Partners lead a $40million investment in Hungama Hungama may soon raise another $100 million Xiaomi leads Rs.170 crore investment in Hungama
  • Introduction

    Hungama.com: From a promotions agency to an entertainment biggie

    Hungama.com: From a promotions agency to an entertainment biggie
    Credits:
  • Hungama was launched as "Hungama.com" in 1999 as a promotional marketing portal.

    Headquartered in Mumbai, the online promotions agency was started by Ashish Kacholia, Hiren Ved, Lashit Sanghvi, Rakesh Jhunjhunwala, and Neeraj Roy.

    From a promotional marketing portal, it has grown to where they also work as an "aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment."

  • Information

    20 million users and over 5000 assorted movies

  • Hungama.com has over 20 million users accessing its content on computers as well as mobile devices. Its library includes 5,000 Bollywood, Hollywood, regional movies and TV serials.

  • 22 Sep 2006

    Hungama launches its gaming portal

    Hungama launches its gaming portal
    Credits:
  • Hungama launched www.gaminghungama.com, India's first free multi-user online gaming portal.

    Hungama was looking towards a registered user base of 1 million in the first year.

    The site had "latest reviews of PC, console and mobile games from across the world".

    The freshest gaming data was relayed on the portal- laced with a user forum, a downloads section, and information on the official releases.

  • Information

    Hungama launches Artist aloud

  • In 2012 Hungama (relaunched as Hungama Digital Media Entertainment in 2009) launched a digital platform for artists and music fans called Artist aloud!

  • 4 Jul 2014

    Bessemer Venture Partners lead a $40million investment in Hungama

    Bessemer Venture Partners lead a $40million investment in Hungama
  • Hungama Digital Media Entertainment raised a capital of $40 million (nearly Rs.230 crore) led by Bessemer Venture Partners.

    Existing investor Intel Capital also participated in the round of funding.

    Neeraj Roy, managing director and CEO of Hungama said that these funds would be used to "upgrade mobile apps and integrate with the banking system for having loyalty programmes".

  • 20 Mar 2015

    Hungama may soon raise another $100 million

    Hungama may soon raise another $100 million
  • Reports claimed that Hungama was engaged in "advanced" talks with existing investors Intel Capital and Bessemer Venture Partners and could raise a capital of $100 million.

    The soon-to-be-completed round would be deployed to increase the company's footprint in the smartphone category.

    More specifically, Hungama would be using the funds to invest in developing its "technology, platforms and increase its content libraries".

  • 5 Apr 2016

    Xiaomi leads Rs.170 crore investment in Hungama

    Xiaomi leads Rs.170 crore investment in Hungama
    Credits:
  • Xiaomi led a $25-million (Rs.170 crore) in Hungama Digital Media Entertainment.

    With this investment in an aggregator and publisher of entertainment content on the internet, Xiaomi marked its first investment in India.

    Xiaomi invested along with Hungama's existing investors "Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala".

    It plans to blend Hungama's video on demand service with the Mi platform on smartphones.

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