Xiaomi feeds Hungama in $25m round

Apr 4, 2016 • Robert Lavine

The smartphone maker has led entertainment content platform Hungama's latest round, which also included existing investor Intel Capital.

India-based online video streaming platform Hungama Digital Media Entertainment has secured $25m in a round led by smartphone manufacturer Xiaomi, the Economic Times reported yesterday.

Intel Capital, which acts as semiconductor technology producer Intel’s corporate venturing unit, also took part in the round, as did venture capital firm Bessemer Venture Partners and angel investor Rakesh Jhunjhunwala.

Hungama operates a media streaming platform comprising video, cinema and music content spanning several Indian vernaculars, having begun life as a marketing and communications…

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