button googleplaybutton appstorebutton blackberry




General news

PurpleStream gets funding from Hub Media & Mercatus Capital

Indian video content provider PurpleStream has received its first round of funding from Mercatus Capital and Hub Media Group.

The Chennai-based company is also moving its headquarters from India to Singapore for the global launch of PurpleCloud, its broadband video delivery platform.

The funding (at present the amount has not been disclosed) will be used to scale up the company's go-to-market strategy and further product development.

Karthik Subramanian, founder and CEO of PurpleStream, said: "Currently, we are developing a suite of new products which will enable 'live' broadcasting over broadband. While corporations can leverage these for things like worldwide product launch, one can also broadcast private events like marriage."

Hub Media CEO Kevin Balhetchet said: "This strategic investment in PurpleStream gives Hub Media access to a broadband content delivery platform through which we can bring value-added services to our customers. We have already started working with PurpleStream on several projects in Hong Kong, Malaysia, the Philippines, Indonesia and Mexico for the delivery of TV shows and movies across multiple territories."

Post your comments

    Most read news

    • Last 7 days
    • Last 30 days
    • Always
    Indian direct to home (DTH) satellite TV operator Videocon d2h is adding Zee TV's high definition (HD) entertainment channel to its...
    Subhash Chandra, the chairman of Dish TV's parent company Essel Group, is looking to work with UAE authorities to stop residents...
    India's Information and Broadcasting ministry has asked the Telecom Regulatory Authority of India (TRAI) to come up with measures to...
    Pay-TV channels are to be added to Arasu Cable TV’s free to air package, which was re-launched by Tamil Nadu Government earlier this...
    A device to inject new life into the tablet industry in India has been launched by the Indian government at a subsidised price of just...
    India's 9X Media is to launch a new 24 hour Marathi music channel called 9X Jhakaas on 31 October, in what is set to be the first of...