Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-02-27

Indian Angel Network Exits Jigsee

Indian Angel Network (IAN) has announced its exit from Jigsee, a Mumbai–Canada based mobile video streaming startup. Jigsee’s complete assets were acquired by a mobile video search and delivery company, Vuclip for an undisclosed amount.

Indian Angel Network (IAN) has announced its exit from Jigsee, a Mumbai–Canada based mobile video streaming startup. Jigsee’s complete assets were acquired by a mobile video search and delivery company, Vuclip for an undisclosed amount.

Founded in 2008 by Ray Newal and Areef Reza, Jigsee is a leading provider of adaptive video streaming technology for wireless devices in developing countries. Jigsee raised an undisclosed amount from Indian Angel Network in February 2011. Prior to starting Jigsee, Ray headed content and business development at Yahoo Canada and Areef Reza, the CTO of the company leads the technology development effort.

Piyush Shah, an IAN member, who joined Jigsee’s board said, "Vuclip and Jigsee are positioned in the right place and the right time to deliver timely, contextual and engaging content to emerging markets. The launch of Vuclip education along with Jigsee's great application technology ensures that the masses in emerging markets don't miss out on the mobile video revolution. The Jigsee team looks forward to continuing the journey with Vuclip."

Rehan Yar Khan, an IAN member said, “The emerging world now had over a billion mobile phones and has thus entered the era of mobile first. Mobile video on these largely 2.5G networks will be the primary form of video access, but the challenge will be to serve them in this technologically challenging environment. Jigsee and now Vuclip fulfills this need and is key to the video delivery stack.”

Related opportunities
  • Herbal, Ayurvedic, Homeopathic & Natural Care products
    About Us: CARRIER WITH SHOP ''HEALTHCARE ADDA'' Our Objective is to present..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Casual dine Restaurants
    About Us: Launched in 2010, Mamagoto is a fusian pan aisian..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Leayan Global Pvt. Ltd, the fast growing part of..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us  VIP Academy is one of gujarat`s renowned  chains of..
    Locations looking for expansion Delhi
    Establishment year 1996
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts