Funding Roundup: Vuclip Secures $8M, ThePrivateSales Grabs $5mn

Mobile video service, VuClip has raised $8mn in Series C round from New Enterprise Associates (NEA) and Jafco Ventures.

“Vuclip has become the largest independent mobile video service by focusing on a browser-based solution that leverages html5 technology and by securing exclusive local content in major international markets. Some of these distribution partners include Bharti Airtel, DoCoMo and Vodafone (India), Maxis (Malaysia), Telkomsel and XL. Vuclip’s content relationships with premium content providers include The Associated Press (AP), Billboard, Falcon Interactive, and Times of India.”[source]

Vuclip will also use the funding to expand mobile video analytics to help advertisers and content owners understand and improve their offerings based on consumption and region-specific trends .

ThePrivateSales Funding

TPS Shopping Outlet Pvt. Ltd, an e-commerce start-up that offers discounts of up to 80% on global designer brands, raised $5 million (Rs.22.5 crore) last week from a set of five companies.

The 11-month-old Bangalore-based firm, which sells brands such as Moschino, Hugo Boss and Gucci on its website theprivatesales.com, plans to use the funds to add categories and launch another website offering discounts in luxury fashion.[source].

Related funding: InfoEdge Invests $3.5 million In 99Labels

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