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Tag: Bessemer Venture Partners

  • Transbnk taps Amar Bhartia to drive global product vision

    Transbnk taps Amar Bhartia to drive global product vision

    MUMBAI: Transbnk is cashing in on global experience to turbocharge its product game. The next-gen transaction banking platform has appointed Amar Bhartia as global product head, marking a strategic move as it gears up for international expansion.

    A Deutsche Bank veteran, Amar brings over a decade of expertise in cash management, treasury solutions and fintech partnerships. At Deutsche Bank, he played a key role in rolling out Payment Acceptance across the APAC region, working with regulators, payment aggregators and fintech innovators.

    “I’m excited to join Transbnk at such an exciting phase in its journey,” said the newly minted global product head Amar Bhartia. “The intersection of banking, fintech and digital infrastructure offers a rare chance to reimagine how institutions transact globally. I look forward to shaping world-class products and delivering real value for clients.”

    Co-founder and CEO Vaibhav Tambe, welcomed the appointment, calling it a timely boost for Transbnk’s global ambitions. “Amar’s proven ability to scale banking-grade platforms will be vital as we expand our reach. With our recent Series B raise and Amar’s leadership, we’re powering ahead towards building a unified transaction-banking operating system for banks and enterprises,” he said.

    The appointment follows Transbnk’s successful 25 million dollars Series B funding round led by Bessemer Venture Partners. The fresh capital will help strengthen its tech and product teams while driving expansion into Southeast Asia and the Middle East.

    With Amar at the helm of product strategy, Transbnk seems ready to turn its global growth plans into a blockbuster sequel, one transaction at a time.

     

  • Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    MUMBAI:  Hungama has raised an investment of US$25M, led by smartphone company Xiaomi, along with existing investors Intel Capital, Bessemer Venture Partners and ace financial investor and Indian billionaire, Rakesh Jhunjhunwala.

    The company has constantly innovated and delivered differentiated, premium audio and video content to its consumers across web and mobile platforms, fuellng the company’s growth to becoming the largest overall digital platform in India. Hungama has over 65 million (6.5 crore) monthly active users across all its platforms, consuming a content base of over 3.5mn premium digital units across audio and video. 

    With this round of funding, Hungama will expand its content library and further invest in world class technology on its mobile app platforms Hungama Music for music and Hungama Play for premium video including movies, television and original series. Hungama will soon add over 1,500 hours of television content along with original content to its current Hungama Play offering of over 8,000 movies in English and 12 Indian languages.

    Speaking about the funding round,  Hungama Digital Media Entertainment founder and CEO Neeraj Roy said,  “India is adding 8 million (80 lakh) new consumers to the Internet each month with 90 per cent of digital consumption being driven by mobile. Young Indians love their music and movies and the mobile will be the most used screen for this generation. Content will drive the next phase of Digital India and we are delighted to partner with Xiaomi as we prepare to bring premium and original digital entertainment to a 100 million (10 crore) Indians before the end of this year.”

    Xiaomi vice president Hugo Barra said, “We think of smartphones as a platform for us to deliver Internet services, and this includes content. We are investing in Hungama not only to start integrating content into our smartphones, but also to grow together with them and deepen our understanding of the content sector in India. We have carefully selected Hungama because of what they are doing in terms of aggregating large amounts of content and delivering an amazing user experience.”

    Hungama Digital Media Entertainment chairman Rakesh Jhunjhunwala said, “I have been invested into Hungama for several years and participated in this new capital raise as I believe they have built an unique leadership position with the most compelling music and movie OTT service for South Asians globally that is ripe for growth as India will embrace broadband and 4G. We welcome Xiaomi as one of our partners.”

    Bessemer Venture Partners managing director Vishal Gupta said,  “We are excited about the leadership position that Hungama has built as being the one stop OTT platform across music, videos and movies. We are delighted to have Xiaomi as our partners and will accelerate our growth and leadership.”

  • Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors

    MUMBAI:  Hungama has raised an investment of US$25M, led by smartphone company Xiaomi, along with existing investors Intel Capital, Bessemer Venture Partners and ace financial investor and Indian billionaire, Rakesh Jhunjhunwala.

    The company has constantly innovated and delivered differentiated, premium audio and video content to its consumers across web and mobile platforms, fuellng the company’s growth to becoming the largest overall digital platform in India. Hungama has over 65 million (6.5 crore) monthly active users across all its platforms, consuming a content base of over 3.5mn premium digital units across audio and video. 

    With this round of funding, Hungama will expand its content library and further invest in world class technology on its mobile app platforms Hungama Music for music and Hungama Play for premium video including movies, television and original series. Hungama will soon add over 1,500 hours of television content along with original content to its current Hungama Play offering of over 8,000 movies in English and 12 Indian languages.

    Speaking about the funding round,  Hungama Digital Media Entertainment founder and CEO Neeraj Roy said,  “India is adding 8 million (80 lakh) new consumers to the Internet each month with 90 per cent of digital consumption being driven by mobile. Young Indians love their music and movies and the mobile will be the most used screen for this generation. Content will drive the next phase of Digital India and we are delighted to partner with Xiaomi as we prepare to bring premium and original digital entertainment to a 100 million (10 crore) Indians before the end of this year.”

    Xiaomi vice president Hugo Barra said, “We think of smartphones as a platform for us to deliver Internet services, and this includes content. We are investing in Hungama not only to start integrating content into our smartphones, but also to grow together with them and deepen our understanding of the content sector in India. We have carefully selected Hungama because of what they are doing in terms of aggregating large amounts of content and delivering an amazing user experience.”

    Hungama Digital Media Entertainment chairman Rakesh Jhunjhunwala said, “I have been invested into Hungama for several years and participated in this new capital raise as I believe they have built an unique leadership position with the most compelling music and movie OTT service for South Asians globally that is ripe for growth as India will embrace broadband and 4G. We welcome Xiaomi as one of our partners.”

    Bessemer Venture Partners managing director Vishal Gupta said,  “We are excited about the leadership position that Hungama has built as being the one stop OTT platform across music, videos and movies. We are delighted to have Xiaomi as our partners and will accelerate our growth and leadership.”