Meravideo.com close to getting $1.5 million funding
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Business Standard: An Indian YouTube clone, Meravideo.com, is close to getting $1.5 million venture capital funding Kanwaldeep S Kalsi, Head, Braingain Entertainment Pvt. Ltd., said: “The money, which is for an initial period of 8-9 months, will be spent on infrastructure, bandwidth scalability, manpower and public relations and marketing of the site.” MeraVideo is a part of BrainGain Entertainment Private Ltd., a privately held Mumbai based Media Company and hopes to generate revenue from user generated content,downloading and sharing of videos onto mobiles, sale of content, sale of DVDs and VCDs of these videos, sale of video clippings to other content providers and banner advertisements. Kalsi also claims he has tied-up with big studios for content.The site gets 12,000 hits daily.
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