India's Hungama.com, a digital entertainment platform, is among 10 new investments totalling $40 million announced by Intel Capital, the venture capital arm of chipmaker Intel, on Tuesday.
Hungama.com, a subsidiary of Hungama Digital, operates digital entertainment stores offering access to movies, music and games. The fully paid platform currently has over 5,000 films. Chairman Neeraj Roy said the infusion of fresh funds would help the company expand internationally, without more detail.
Headquartered in Mumbai, Hungama.com targets South Asian communities.
To read the original article: Intel Capital to invest $40 mn in 10 deals, including Hungama.com - Business Today
