Global investment firm Tiger Global has invested $10 million (Rs 68 crore) in online digital video entertainment venture The Viral Fever, according to Mint citing the company’s filings with the Registrar of Companies (RoC).
It added that Tiger Global, one of the more prolific venture investors in India, has picked a minority stake in Contagious Online Media Network Pvt Ltd, the six year old firm that runs The Viral Fever.
The Viral Fever is positioned as a video content creator and boasts of 1.3 million subscriber for its YouTube channel. It is one of several peers such as All India Bakchod (AIB) that capitalise on humour meshing it with real world issues or developments. It also has its own website TVFPlay.
When contacted by VCCircle, both Tiger Global and The Viral Fever declined to comment on the development.