TinselVision, an on-demand South Asian video company has received $3 million in funding. The investor in this round was Innovative Entertainment Limited, a subsidiary of Innovate Energy Group. This is TinselVision’s second round of funding within the last 6 months and Innovative was also a previous investor.
The new round of funding will be used be for marketing, staffing, and content partnerships. Some of the partnerships that TinselVision has include deals with STAR TV, Zee TV, and Yash Raj films. And this round of funding gives TinselVision a $20 million valuation.
“We committed to achieve value creation and content momentum exceeding marketplace norms when we closed Series A funding just five months ago,” stated Chase Weir, Chairman and CEO of TinselVision. “We have now exceeded the milestones of our original capital commitments and, our investors decided to re-affirm these accomplishments with a near doubling in share value and more than doubling their invested capital.”
