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Corpus Media to raise $20 mn PE fund

Source : BUSINESS_STANDARD
Last Updated: Thu, Aug 09, 2012 19:31 hrs

Corpus Media Labs, a Hyderabad-based systems integrator offering digital TV and IP (Internet protocol) TV solutions around its ‘Tornado’ software, is on its way to raising $20 million (around Rs 113 crore) through private equity to scale up operations globally.

“We are in talks with a couple of PE companies, and expect to close the deal in the next three-four months. We intend to use the funds to expand our reach to Latin America and Africa, to acquire content and for working capital requirements,” Sachin Tummala, CEO told Business Standard.



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