South Asian Video-on-Demand Company, TinselVision Raises $3 Million Series B

Posted Nov 21, 2007

TinselVision, a video-on-demand South Asian company received $3 million in funding.  The demographic audience for this company is primarily in the US, UK, and Canada.  The investor was Innovative Entertainment Limited, a subsidiary of Innovate Energy Group.  This is TinselVision’s second round of funding within the last 6 months.  Innovative also is a previous investor.

The new round of funding will be for marketing, staffing, and content partnerships.  Some of the partnerships that TinselVision has includes deals with STAR TV, Zee TV, and Yash Raj films.  The new 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, the 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.”

TinselVision is in discussions for Series C already.