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Deal Alert: Ping Digital Broadcast raises angel funding

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Mumbai-based Ping Digital Broadcast has raised its first angel round of funding from two investors - Ashwin Dhamera, former founder of Travelguru, and Ankur Daga, CEO of Angara.com, a New York-based precious stones e-commerce venture. Ping has launched what it claims to be India’s first Internet HD broadcasting network with a food focused channel, India Food Network (www.youtube.com/indiafoodnetwork) and a music focused channel, India Music Network. 

Founded by Govindraj Ethiraj, the company is a Google/YouTube partner and intends to produce and distribute original content through a network of channels hosted on YouTube. The company intends to utilize the funds raised to scale up and build more real estate. 

Source: Medianama
 
Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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