Archive for seventymm
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You are browsing the archives of seventymm.
Just 10 days ago we had blogged about a couple of tie ups that happened in the WAT space and now there are a couple more. Infact apnaloan.com seems to be on a tie up spree with regards to distribution of its content.
ApnaLoan ties up with S-Commerce Player Suvidhaa
Apnaloan.com which recently renamed its company apnapaisa [...]
Well its raining investment news today with two companies raising funding but at different stages. Its always better to hear of seed/early stage investments happening in this space as thats where the most money is required albeit in smaller chunks compared to middle and late stage funding. So here are the top funding news stories [...]
Seventymm.com was the first DVD rentals company that recieved million dollar funding in India. It used that funding to acquire a smaller player like madhouse.in mid last year. We also featured an interview with the founder of madhouse post the acquisition. Now even though it might have made that acquisition seventymm.com has hardly spent any amount of it 10 Million $ funding that it raised from VC’s like Matrix, DFJ and eplanet ventures. But now it has BIG plans!
BigFlicks was announced last year as a part of Reliance Entertainments BIG strategy where it was getting into all forms entertainment be it radio, social networking and movie downloads and soon to be rentals. So on one end BigFlicks seems to be competing with Rajshri media on the NRI segment which caters to movie downloads and [...]
Seventymm the first funded dvd rental company which recently acquired madhouse another dvd rental company has now gone for a site revamp after being in existence for over a year. Along with the new look it has also started a community for its movie buff users.
Supporting the introduction of community features CEO of Raghav [...]
Both movie and music industry in India have been the sufferers due to the technology revolution that hit the world with piracy and easy free downloads available to the masses. Soon the rates of CD’s started to fall and one saw that the roadside hawkers shifted their business from selling food to selling cd’s and [...]
Half a dozen players already and more joining in! Is the online DVD Rental Market really that lucrative?Ones even got acquired by another! And we even interviewed the acquiree!
BigFlicks backed by the Reliance Power House hasn’t even started splurging the Rs 10 Crores its set aside for advertising!
Let’s look at the funded chaps: SeventyMM. They [...]
We recently covered a story on Madhouse being acquired by Seventymm, In continuation with the same we spoke to Sameer Guglani, the then CEO and Founder of Madhouse and now the Vice President -Corporate Strategy of seventymm. He gives us a peek into the reasons behind the acquisition and discusses the path ahead for seventymm. [...]
Well the dvd rental business has shown the first signs of consolidation. Seventymm has acquired 100 per cent equity of the New Delhi-based Madhouse for an undisclosed amount. This is probably because of the fact that Madhouse had a good network in the delhi and gurgaon belt and also had a good team backing it. [...]