Tencent led a round for the online streaming service sized at nearly $111m, investing with existing shareholder Times Internet.
India-based online video streaming platform MX Player secured approximately $111m today in a series A round led by internet group Tencent, according to TechCrunch.
Times Internet, the digital-focused subsidiary of media conglomerate Bennett Coleman & Co, contributed to the round having purchased a majority stake in MX Player for $140m in June 2018. The series A round valued it at $500m post-money, a person familiar with the matter told TechCrunch.
Payment services provider Paytm was reported in July this…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
