Iflix secures additional $133 million funding, led by hearst

Aug 10,2017 - Last updated at Aug 10,2017

Iflix, the world’s leading Subscription Video on Demand (SVoD) service for emerging markets has completed a $133 million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences, the company announced.

The funding round, which attracted significant interest from both new investors and existing shareholders, was led by Hearst, one of America’s largest diversified media, information and services companies, and also included additional new investors Singapore-based EDBI and clients of DBS private bank.

Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc. also increased their investments. iflix Co-founder and Group CEO Mark Britt said they are thrilled to welcome Hearst President and CEO Steven Swartz and Hearst Entertainment & Syndication President Neeraj Khemlani to the iflix family.

This collaboration significantly deepens their bench of experts with their longstanding partners to help drive iflix’s continuing growth.

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