Apalya raises $7.5 Million Series-B Funding
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New Delhi: Apalya Technologies, dealing in interactive, on demand Mobile TV services in India raises $7.5 million in Series-B funding. The idea is to use the funds to expand its services and technology to take advantage of the mobile TV opportunity emerging through upcoming rollout of 3G services in India. "The widespread launch of 3G services in India has the potential to make the mobile screen a dominant live streaming based infotainment and advertising platform," says Vani Kola, Managing Director, IndoUS Venture Partners. "We are pleased to have IUVP on board for this round of funding in addition to IDG and Qualcomm who have been strong supporters of Apalya since its inception," says Vamshi B. Reddy, CEO, Apalya Technologies. Bangalore Based Indo-US venture partners (IUVP), a venture capital firm is the lead investor for Apalya. It’s their first time investment for the company. IDG and Qualcomm, who invested $3 million in Series-A funding for Apalya in 2009, also participated in Series-B funding. Earlier Apalya has partnered with various TV channels like Discovery, Disney and Sony in the same period. Apalya has a tie up with Reliance communications and Tata Teleservices for delivering mobile TV solutions for their 3G services launch. Apalya provides aggregated TV and other entertainment and news content optimized for viewing on mobile screens through MiMobiTV service. Apalya was in news for raising the seed amount of 2crores from Mumbai Angels in 2008. A year later they raised series A funding by $3million by IDG and Qualcomm. Apalya currently has a team of 50 in Hyderabad, and tie ups with several telecom operators. Its mobile TV service is a live on BSNL 3G and MTNL 3G. Its content portfolio includes 68 television channels, which includes news, entertainment and regional channels.

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