Hungama raises $40M from Bessemer Venture Partners & Others

Hungama has raised $40M in an investment round led by Bessemer Venture Partners with participation from existing Intel Capital. It plans to use the funds to upgrade its mobile apps and integrate banking system for loyalty programs. Previously, the company had raised funds from Intel Capital in Oct’12, from Rakesh Jhunjunwala (Rs 2Cr). ICICI ventures was also principal investor, however it pulled out funding in Oct’09. Link

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