Total amount raised
$23 Million
Latest funding date
11/1/2021
Location
TVF has raised funding through five rounds, with the latest being a Debt Financing round led by BlackSoil. The platform has garnered support from notable investors, including BlackSoil and Tiger Global Management.
Keep reading to explore the intricacies of TVF's fundraising journey and the investors backing this innovative platform.
What Is TVF?
TVF, also known as The Viral Fever, is a prominent player in the digital entertainment industry. Based in Mumbai, Maharashtra, India, the company specializes in creating youth-focused premium content, including web series, short films, and other media targeted at younger audiences.
With an employee count ranging between 251-500, TVF has established itself as a significant entity in the Indian digital content landscape. The company is recognized for its innovative approach to digital media and entertainment, making it a notable name in the industry.
How Much Funding Has TVF Raised?
- Debt Financing
- Amount Raised: $2,000,000
- Date: November 2021
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet working capital requirements for the production of web series and other content for clients, including brands and OTT platforms.
- Series D
- Amount Raised: $4,970,000
- Date: May 2019
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand content production and invest in new projects.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise capital without diluting equity, possibly to fund operations and expand content production.
- Series Unknown
- Amount Raised: $6,000,000
- Date: July 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance content offerings.
- Series Unknown
- Amount Raised: $10,000,000
- Date: February 2016
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the lack of new generation content for India's young teenage audience.
Total Amount Raised: $22,970,000
Current Valuation: Not publicly disclosed
Key Investors
- BlackSoil
- Details: BlackSoil is a Mumbai-based venture debt firm that has provided funding to TVF. It has deployed over ₹2,500 crore across more than 140 deals.
- Investment Focus Areas: Venture debt, B2B unicorns, online platforms, furniture subscription, cosmetics, hospitality.
- Notable Investments: Infra.Market, Zetwerk, Udaan, Spinny, Furlenco, Purplle, OYO Rooms.
- Tiger Global Management
- Details: Tiger Global Management is a prominent investment firm known for its investments in high-growth technology companies. It has been a key investor in TVF's funding rounds.
- Investment Focus Areas: Technology-driven companies, startups, various sectors.
- Notable Investments: Not publicly disclosed.
What's Next for TVF?
TVF stands at the cusp of significant growth opportunities, driven by the booming Indian video OTT market, which is projected to expand from $1.5 billion in 2021 to $15 billion by 2030. This growth presents a vast landscape for TVF to produce and deliver a pipeline of shows, meeting the increasing demand for quality content on platforms like Netflix, Amazon Prime, and Sony.
Given this promising trajectory, TVF is well-positioned to attract future venture debt or equity funding to support its expansion and content production. The company's established track record and substantial subscriber base make it an appealing candidate for investors looking to capitalize on the OTT boom.
However, TVF will need to navigate challenges such as maintaining high-quality content to meet audience expectations and managing competition from other content creators and OTT platforms. Efficiently handling working capital will also be crucial to sustain production schedules and meet client demands.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like TVF and gather other critical business insights. Sign up for free to start unlocking valuable information today.
