TTN Ventures to raise USD 30 million in next 3-4 months

TTN Ventures, the parent firm of digital entertainment network #fame, is looking to raise up to USD 30 million (around Rs 190 crore) in a third round of funding by September, a top company official said today.
"We are looking to raise up to USD 30 million in the next three to four months," To The New Ventures (TTN Ventures) cheif executive Puneet Johar told PTI.
"There is a huge inbound interest to partner with us. We are looking at both financial and strategic partnerships in the next few months," he added.
TTN Ventures, which infused USD 10 million in #fame in January, would use 60 per cent of the funds raised to build the digital entertainment network in Indian market, and the rest will go into South East Asia, he indicated.

Started in 2014, #fame is on the lines of global live streaming services like Periscope and Meerkat and has launched a live video entertainment mobile platform.
The platform allows amateur performers to beam live to fans and audiences through smart phones.

"We are currently focused on India. South East Asia is the next, where we will roll out our platform in five markets in the next six to nine months," #fame chief executive Saket Saurabh said.
While #fame will be a mobile-first platform based on current user analytics, the founders are open to launching in other channels as per user preferences, Saurabh said.

Parent company TTN Ventures is a "disruptive internet" products firm backed by Malaysian cross-media operator Astro Overseas, with a specific focus on South and South East Asia.
It manages five businesses presently cross content, analytics, commerce and digital video including To The New Digital, ThoughtBuzz, Blogmint, and AmericanSwan besides #fame.