Online Videos Creator The Viral Fever Raises $10 million Funding
Tiger Global another investment in India and, this time, they invested $10 million (Rs.65.6 crore) in India's popular online video content creator The Viral Fever (TVF) also known as Qtiyapa.
As per the report, Tiger Global has picked up close to 25% stake in the firm valuing it at around Rs.270 crore.
The Viral Fever aka Qtiyapa was set up by IIT graduate Arunabh Kumar in 2010. He was later joined by Amit Golani and Biswapati Sarkar.
For Tiger Global, this is the second investment in the online video content space. In 2015, Tiger, along with venture capital fund Zodius Capital, invested $18 million in Culture Machine, which runs the Being Indian and several other YouTube channels.
READ: Podcast with Arunabh kumar (The Q-tiyapa Guy)
The American investor has stakes i...