Vibble TV, a new internet protocol television (IPTV) service targeting South Asians living in the US, has been given a cash injection ahead of its May launch from its parent company Internet Broadcasting Corporation.
US$500,000 has been raised by Internet Broadcasting Corporation in Series A equity financing as part of its $2 million offering, led by Washington DC's Angel Investors and existing investor Silver Stone Captial.
Popular Indian network Zee TV is among the 60 TV channels on offer when Vibble TV goes live next month, as well as 500 Bollywood films and a library of Amar Chitra Katha animated Indian fables available on demand.
"We are excited to have the support of our new investors as we bring television viewing to the 21st century. Our goal is to create the world's leading IPTV company and our investors share our vision and passion. Vibble TV also plans to roll out service to other ethnic markets in the year," said Suresh Kadagala, founder and chief executive, Internet Broadcasting Corporation.