Hyderabad-based mobile video platform developer Apalya Technologies today said it has raised $7.5 million in a second round of funding from investors like IndoUS Venture Partners, IDG and Qualcomm.
Apalya plans to use the funds to broaden its portfolio of services and technology platform to leverage the vast mobile TV opportunity being presented by the upcoming large scale rollout of 3G services in India, Apalya said in a statement.
The investment in Apalya was led by Bangalore-based IndoUS Venture Partners (IUVP), which has invested in IUVP for the first time.
IDG and Qualcomm, who had participated in the Series-A funding in October last year, have also participated in the second round of financing, it said.
The company, which is into mobile video delivery platform for streaming video content on mobile phones, had received USD 3 million from IDG Ventures India and Qualcomm Ventures.
