SingTel Inov8 leads Series D round in mobile video firm Vuclip

Existing investors NEA and Jafco Ventures also participated.

Vuclip is based in India and claims to be the world's largest independent mobile video and media company. It will use the funding to meet growing global demand for its services, particularly in Asia, the Middle East and Latin America. Capital will also go towards improving the firm's media and advertising platform.

In the past year Vuclip has hit 45 million monthly active users and an average 1.2 billion minutes of video viewed per month.

"We believe that growth in mobile video is being driven by three major factors: the spread of low cost smart phones, rapid growth of mobile-only internet users and demand for compelling content. We see this happening in emerging markets in ways that are different compared to developed markets," Nickhil Jakatdar, CEO of Vuclip, said in a statement.

Through Vuclip, global and regional content providers such as Associated Press are able to monetize mobile content while reaching as many viewers as possible. Vuclip partners with mobile operators such as Vodafone and Airtel worldwide.

"Innov8 is focused on identifying the next generation of leaders in enterprise, network and digital media," said Jeff Karras, managing director of SingTel Innov8. "Vuclip has built an impressive user base, monetization strategy, and management team and is truly emerging as a leading mobile media company."

 

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• Topics
• South Asia
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• India
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