Best Deal TV Pvt Ltd (BDTVPL), the home shopping venture of celebrity couple Raj Kundra–Shilpa Shetty and Bollywood star Akshay Kumar, is planning to raise Rs 100 crore (Rs 1 billion) from strategic investors to scale up the business. The company, which launched the home shopping TV channel Best Deal TV on 27 March this year, has announced its plan of raising its first round of funding (Series A). “We intend to go for a Series A funding round, as we are gaining traction and getting fully operational. The growth capital will go to increase our delivery logistics footprint, carriage and distribution in India, along with marketing and promotional activities,” the company said in a statement. Earlier, Kundra had said that the promoters would invest Rs 100 crore in the venture. They had raised Rs 32 crore (Rs 320 million) from Mumbai-based UY Industries.
Read more at: http://www.televisionpost.com/television/best-deal-tv-to-raise-rs-100-cr-to-scale-up-business/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/best-deal-tv-to-raise-rs-100-cr-to-scale-up-business/ | TelevisionPost.com
