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Mumbai-based The Viral Fever (TVF) has received commitment of $10 Mn (INR 65.6 Cr) from Tiger Global Management, according to a RoC filing. Temasek Boulevard is also participating in the round and Tiger has invested from its Internet Fund III Pte. Ltd. fund.
According to the filings with the registrar of companies (RoC) by Contagious Online Media Network Pvt. Ltd (parent company of TVF) in December, the company is valued somewhere around $45 Mn (INR 310 Cr) (Post Money).
The TVF team refused to comment on the development.
The Viral Fever, an online digital entertainment channel, was set up by IIT graduate Arunabh Kumar in 2010. It is an online youth entertainment network, focusing on the funny side of Indian politics, movies, lifestyle, social system and now startup life too. He was later joined by Amit Golani and Biswapati Sarkar and currently has a 100 member team.
In February 2015, TVF became the first YouTube online network to attract 1 Mn subscribers on the basis of original content within the shortest time. TVF generated revenue of about $628k (INR 4 Cr.) in 2014-15, starting from June 2014. For the period of 3 August to 21 October, Contagious Online Media reported a revenue of INR 64 lakh and a profit of INR 22 lakh.
TVF is the company behind popular web series like Permanent Roommates, TVF Pitchers, Chai Sutta Chronicles; comedy videos such as Qtiyapa; and a satirical video on Times Now’s Arnab Goswami – Barely Speaking with Arnub.
It’s recent show TVF Pitchers was a rhetoric of startups’ life, covering aspects like quitting a high profile MNC job and giving entrepreneurial bug a chance.
The development was first reported by Mint.
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