Company Name : Muvizz
Funding Amount : Rs 2.2 crore
Investor(s) Ashish Todi, MD at Frost Global Pte Ltd Abhinav Patodia, director at Navtech. Kumar Shwetabh, CEO at Pacific Global Inc.
Funding Round : Angel round
Muvizz an online video-on-demand website has raised Rs 2.2 crore ($350,000) in angel funding from three Singapore-based investors. The investors are Ashish Todi, MD at Frost Global Pte Ltd; Abhinav Patodia, director at Navtech; and Kumar Shwetabh, CEO at Pacific Global Inc.
This funding will help muvizz expand its team and also reach out to global markets.
The venture is also looking to raise $1.5-2 million in Series A round of funding from existing investors and a couple of other domestic and international institutional investors.
The next round of funding will be used for building their mobile app and to obtain some exclusive movie titles. A part of the capital will also be spent on marketing and campaigning.