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BrizzTV Raises Series A Funding From Ojas Venture Partners

By Nandana Das

  • 20 Feb 2012

Two-year-old start-up BrizzTV Media Lab Pvt Ltd, a Bangalore-based company which develops digital media platform to bring Web content onto the television screen, has raised an undisclosed series A funding from Ojas Venture Partners.

Rajesh Srivathsa, managing director of Ojas Venture Partners confirmed the news to Techcircle.in, but declined to share the investment amount. “Brizz is still at a developmental stage and it will use the funds to develop new products and launch those in the market,” he said.

The capital, expected to last for the next 6-8 months, will also be used to ramp up hiring. Currently, the company has a team of 10 on board. Although the investment in BrizzTV took place a few months ago, it had not been formally announced.

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Ojas Venture Partners is an India-focused, early-stage venture capital firm investing in technology companies. It typically invests $250,000-$1.5 million in the first round of funding and follows it up with subsequent rounds of up to $3 million. Given the investment strategy, BrizzTV could have raised around $1.5 million from Ojas.

Incubated at the NSRCEL (Nadathur S. Raghavan Center for Entrepreneurial Learning – a joint set-up of IIM Bangalore and the Department of Information Technology), BrizzTV had already received a debt grant of Rs 25 lakh from the organisation before raising the series A funding from Ojas.

BrizzTV was co-founded by three friends – Amarendra Sahu, Jitendra Jagadev and Krishnan Varadarajan. An alumnus of IIM Bangalore and NIT Karnataka, Sahu had worked with Alcatel-Lucent, Juniper Networks, Cisco and Avendus Advisors, before starting the venture. Jagadev, another NIT Karnataka pass-out, had previously worked with Philips Consumer Electronics and Cisco Systems. A BE in Computer Science from Madras University, Varadarajan had worked with companies like Indigo Technologies, Philips Software Centre and Prysm Inc, before setting up BrizzTV.

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The company is also planning to foray into other South Asian countries to build requirement-specific content platforms. “For example, in China, we would probably develop a platform, which will enable the people to learn English,” said Varadarajan, one of the co-founders.

BrizzTV recently collaborated with Airtel DTH platform to launch certain programmes. “We are also in talks with other DTH operators in India to reach out to a larger student base,” added Varadarajan.

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