Hungama.com has Intel inside

04 Oct,2012

By A Correspondent

 

Intel Capital, Intel Corporation’s global investment and M&A organization, kicked off its annual Intel Capital Global Summit by announcing investments in 10 innovative technology companies, including a strategic investment in Hungama.com. Intended to help these companies grow to the next level, the investments reinforce the Global Summit’s 2-day agenda focused on company building. Totaling approximately $40 million, they cover a range of technologies from collaborating in the cloud and delivering enhanced digital entertainment to simplifying mobile payments and enabling new forms of device interaction.

 

Hungama.com , which received an undisclosed sum from Intel Capital, launched India’s first on-demand digital entertainment storefront. The storefront boasts of over two-and-a-half million pieces of content across genres and languages, in the form of music tracks, movies, music videos & mobile content. Hungama Movies has over 5000 Bollywood, Hollywood, Regional Indian Movies and Television Series available in both HD and SD quality, powered by Intel Insider. With over 20 million users, the website is accessible from PCs, mobiles, tablets, connected TVs and other connected devices.

 

“Business deals happen when Intel Capital brings together our vast global network with our portfolio company innovators,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “Our annual Global Summit and the ongoing Intel Capital Technology Days provide our portfolio companies with unmatched access to the decision-making executives critical to revenue-generating sales or partnerships. The 10 new investments in innovative companies announced today stand to benefit greatly from these longstanding company-building resources.”

 

Other than Hungama.com, the investments include secure content sharing platform Box; social radio platform Jelli; social game developer LIFO Interactive; mobile proximity platform NewAer; e-payment platform PagPop; cloud services provider Tier 3; 3-D game developer Transmension; and mobile advertising provider UUCun. Financial details of each investment were not disclosed.

 

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