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Amazon deal off; MX Player eyes funding
To sustain operations in the increasingly competitive AVoD market in India, the cash-strapped company needs funding.
South korea
South korean
Bennett coleman
Karan taurani
Elara capital ltd
Times internet
Chinese internet
Temasek backed sharechat
Mensa brands
Elara capital
Mx player
A video streaming platform owned by times internet ltd
Is seeking funding after its negotiations with amazon for an acquisition fell through the company needs to sustain operations in competitive indian advertising video on demand market mx player now focusing syndicating content partnerships rather than creating original had strict demands deal
Including criteria such as viewership and engagement mx player recently partnered with distrotv to offer over 270 global channels its users in india the company has struggled generate enough cash for expansion times internet been selling off some of businesses avod streaming space become more crowded
With new players offering free content and major losses for companies due to digital advertising dominance by google facebook
Editor s take: The week that was — Jan 16-21
Data released this week confirmed startup funding in SE Asia last year was significantly short of 2021 levels.
United states
Hong kong
Jakarta raya
Catherine shih
Raj ganguly
Vincent tjendra
Doug coulter
Hong kong asia private equity forum
Norfund norwegian climate investment fund
B capital group
Basil technology partners
Asian development bank
Deal review
Asia partners
Emerging venture markets
Tiger global
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