Veveo gets $7.8-mn funding from NVP

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

Veveo gets $7.8-mn funding from NVP

The company’s video search service – vtap – launched in India

Tuesday, April 29, 2008

Email This

Print This

Comments

RSS

BANGALORE, INDIA: Veveo, developer of video search engine vtap, has secured a $7.8 million in venture capital from Promod Haque, managing partner of Norwest Venture Partners (NVP).

The investment coincides vtap's launch in India. vtap is a mobile web video service that enables mobile users to browse, discover and share web videos from any source on the Internet.

To access vtap users need to point their mobile web browser at http://m.vtap.com or go to http://www.vtap.com on the Internet.

"We believe Veveo's entry into this expanding market positioning vtap as one of the leading consumer mobile applications in India," said Haque. "Veveo is proof that next generation technologies are being developed out of Bangalore, and we are excited about the company's progress to date."

"Just as mobile email usage has become a habit, and encouraged the development of handsets like the BlackBerry and smartphones, we believe that we will soon see the proliferation of a mobile video habit amongst consumers all over the world. Related services, devices and revenue generating opportunities will emerge accordingly," said Murali Aravamudan, founder and chief executive officer, Veveo.

NVP had earlier invested in Winphoria Networks, Aravamudan's former company that was sold to Motorola for $179 million in 2003.

Would you like to on this article?

Be first to comment on this article

Name
Email
Your reply

Intuit Money Manager set to make India debut

Is China speaking English to beat Indian IT?

Obama visit arouses mistrust among China netizens

I have never used Twitter: Obama

Satyam rejects Rs 1230-cr claims from 37 firms

Sender of Vijayan's 'mansion' e-mail in Qatar

Wipro creates new job opportunities in Atlanta

Dassault releases new Abaqus FEA

Doordarshan wants share in 3.4-3.6 Ghz

HP Shore application to bank on shared services

	Stop squeezing the data. Use ILM!
	Carry your Dream, Convey your Value with ZTE
	A fault tolerant server to reduce your TCO

	A must attend event for IT Professionals
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!