Culture Machine, one of the fastest growing digital video networks in Asia, has raised $18 million financing led by New York based Tiger Global along with existing investors Zodius Capital and Times Internet.
Culture Machine, co-founded by Sameer Pitalwalla and Venkat Prasad, former Disney and You Tube executives, creates digital video entertainment for the Internet generation by combining cutting edge technology with great content.
Avendus Capital was the exclusive financial advisor for this transaction
Culture Machine
This deal marks the 14th deal closure in the current fiscal year for Avendus in the Digital and Technology space. Avendus is a leading advisor in the Digital & Technology sector and has advised on 35+ deals in the past 5 years. Last year the firm has concluded 31 deals across various industries and was amongst the top two financial advisors by overall number of deals in India (as per Mergermarket for CY 2014).
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