India-based digital broadcast network Qyuki, previously backed by network equipment manufacturer Cisco, plans to raise a $10m series B round, according to Hindu Business Line.
The company is reportedly in advanced talks with an unnamed Silicon Valley-based venture capital fund that focuses on media startups. Qyuki has signed a term sheet and expects to close the deal in two to three weeks time.
Cisco paid about $5.5m for a 17% stake in Qyuki in 2012. Founded by Bollywood director Shekhar…