Vuclip, an independent mobile video and media company, has raised Rs.65 crore in Series D funding led by SingTel Innov8, a new investor, and existing investors NEA and Jafco Ventures. The total fundings raised stand at Rs.135 crore till date. The funds raised will be used to meet tremendous global demand particularly in Asia, the Middle East and Latin America, as well as to further innovation around Vuclip's media and advertising platform. Vuclip is headquartered in Milpitas, California with offices in New Delhi, Mumbai, Singapore, Dubai, Shenzhen and Beijing.
The growth of Vuclip, founded in 2008 by Nickhil Jakatar and Zhigang Chen, in the past year includes achievements such as hitting 4.5crore active unique users and 120 crore minutes of video viewing per month . Additionally, the company has introduced an iOS app as part of a complementary app and browser strategy to address the needs of mobile video viewers.
"We believe that growth in mobile video is being driven by three major factors: the spread of low cost smart phones, rapid growth of mobile-only internet users and demand for compelling content. We see this happening in emerging markets in ways that are different compared to developed markets," said Nickhil Jakatdar, CEO, Vuclip. The company has eased sharing across more than 5,500 different models of handsets and tablets, as well as compression of files by up to 80 percent, reducing the consumption of data in the newly capped mobile data plans.
Additionally, Vuclip partners with operators such as Vodafone and Airtel worldwide, offering revenue opportunities, reduced tolls on data load in the face of growing mobile media consumption and custom products.