I was at TiECon India – which is being held in New Delhi – yesterday. (Nikhil Pahwa will be writing some session highlights soon). Interestingly, I bumped into two online DVD rental start-ups based in New Delhi / Gurgaon area. I briefly met with the founders of CineSprite.com, a Gurgaon-based online DVD rental firm. I also came across Madhouse.in, a Delhi-based DVD rental company. It looks like DVD rental companies are sprouting up in various cities. Bangalore already has Catchflix, besides Seventymm which raked in $7 million in second round funding from Matrix Partners India.
When I bumped into a venture capitalist, I asked him how come so many players in online DVD rental space. His short answer: “It’s a large market.” So expect more online DVD rental companies to get funded in India soon.
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