Existing backer Intel Capital is reportedly one of the prospective investors in talks with the entertainment streaming company over a $100m funding round.
India-based entertainment streaming service Hungama is in advanced talks to raise $100m from Intel Capital, the corporate venturing arm of semiconductor maker Intel, and Bessemer Venture Partners, TechCrunch reported earlier today.
Intel and Bessemer invested $40m in Hungama in July 2014, after Intel provided an undisclosed sum for the company in 2012.
Hungama distributes both Indian music and Bollywood films, and is currently expanding its international catalogue having recently added content from entertainment companies Disney and Marvel to its service.
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