Apalya Technologies Private Limited, Indiaâ€™s leading managed service provider of video streaming to all the leading telecom operators, handset manufacturers and content owners has closed a Series C investment round from investors including Cisco, IDG, IUVP and Qualcomm.
Online PR News – 09-May-2013 – Mumbai/Maharashtra – Mumbai, April 29, 2013
Apalya Technologies Private Limited, Indiaâ€™s leading managed service provider of video streaming to all the leading telecom operators, handset manufacturers and content owners has closed a Series C investment round from investors including Cisco, IDG, IUVP and Qualcomm. With this round of investment, Apalya will scale up its global delivery footprint to meet the growing demand for mobile based live television and allied content.
Apalya is a pioneer and leader in mobile TV and Video streaming in India with the worldâ€™s largest content bouquet of 200 plus channels. It has a customer base of more than 15 million users and serves more than 200 million minutes of video viewings across mobile and broadband infrastructure including mobile phones & tablets, mobile broadband and fixed line broadband. Host of 3 seasons of IPL and recent T20 and ODI World Cup, Apalya has managed to touch the sporting lives of millions of mobile fans across India. Apalya currently has the distinction of powering all mobile service providers in India along with strong partnerships with OEM's.
Avendus Capital acted as the sole financial advisor to Apalya Technologies for this transaction.
Commenting on the transaction, Aashish Bhinde, Executive Director (Digital Media & Technology) at Avendus said, â€śThis investment is a validation of both the large market opportunity that mobile video presents and Apalyaâ€™s leadership position in that segment. Apalya will be well positioned to consolidate
its lead over competition by enhancing its product reach and offerings. â€ť
About Avendus Capital Pvt. Ltd. (â€śAVENDUS CAPITALâ€ť)
Avendus Capital is a leading financial services firm which provides customised solutions in the areas of financial advisory, equity capital markets, alternative asset management and wealth management. The firm relies on its extensive track record, in-depth domain understanding and knowledge of the economic and regulatory environment, to offer research based solutions to its clients that include institutional investors, corporations and high net worth individuals/families. In recent years, Avendus Capital has consistently been ranked among the leading corporate finance advisors in India and has emerged as the advisor of choice for cross-border M&A deals, having closed 40 cross-border transactions in the past 4 years. Avendus Securities through its Institutional Equities practice is able to offer high quality research- driven advice to help its clients take investment decisions. Avendus PE Investment Advisors manages funds raised from its investors by investing in public markets, while Avendus Wealth Management Private Limited caters to investment advisory and portfolio management needs of Family offices and Ultra High Networth Individuals / families, spanning all asset classes. Headquartered in Mumbai, the firm has offices in New Delhi and Bangalore. Avendus Capital, Inc (US) and Avendus Capital (UK) Pvt. Ltd. located in New York and London respectively are wholly owned subsidiaries offering M&A and Private Equity syndication services to clients in the respective regions.
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