Hungama Digital Media Entertainment

Hungama Digital Media is an Indian digital entertainment company, headquartered in Mumbai.[1] The company was first launched in 1999 by Ashish Kacholia, Hiren Ved, Lashit Sanghvi, Rakesh Jhunjhunwala, and Neeraj Roy as an online promotions agency.[2] The company has since grown to also serve as an aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment.

Hungama Digital Media
TypePrivate
IndustryEntertainment
FoundedApril 1, 1999; 22 years ago (1999-04-01)
FounderNeeraj Roy
HeadquartersMumbai, Maharashtra, India
Key people
Rakesh Jhunjhunwala
(Chairman)
Products
Subsidiaries
Websitewww.hungama.org

The company first launched in 1999 as "Hungama.com", a promotional marketing portal. In 2000 the company acquired Indiafm and in the following years began to work marketing campaigns for companies such as Coca-Cola and Nike.[3] In 2007 Hungama launched their gaming portal and in 2009, the company re-launched their website and company name, changing it to Hungama Digital Media Entertainment. In 2012 Hungama Digital Media Entertainment launched Artist aloud!, a digital platform for artists and music fans.[4] It won a gold award for Best Digital Communications Campaign from the Promotion Marketing Awards of Asia (2009)[5]

FundingEdit

The company has raised a total of $165M in funding over 3 rounds. The key investors include Bessemer Venture Partners and Xiaomi.[6]

See alsoEdit

  • Bollywood Hungama, a Bollywood entertainment website
  • Hungama TV, an Indian children's television channel
  • Hungama Play, Free Unlimited Web Series, Movies, Songs & Videos

ReferencesEdit

  1. ^ "Hungama Digital Media bags Meffy for 'Tata Sky Active Mall' service". India Today. Retrieved 18 January 2014.
  2. ^ "Value before Valuation". Forbes India. Retrieved 18 January 2014.
  3. ^ "Cloud Platform Helped Hungama Digital Media Lower Its Cost By 50 Percent". CIO. Retrieved 18 January 2014.
  4. ^ "Artist aloud!". NIE. Retrieved 18 January 2014.
  5. ^ "Best Digital Communications Campaign" (PDF). Promotion Marketing Awards of Asia. Archived from the original (PDF) on 12 September 2014. Retrieved 18 January 2014.
  6. ^ "Hungama - Funding, Financials, Valuation & Investors". Crunchbase. Retrieved 13 March 2021.

External linksEdit