Mumbai Angels Invests $500K In Mobile TV Outfit Apalya

By VCCircle Aug. 6, 2008, 2:59pm Comments Off

Hyderabad-based mobile TV company Apalya Technologies Pvt. Ltd has received $500,000 (Rs 2 crore) investment from Mumbai Angels, a network of angel investors.

Apalya aggregates premium entertainment content from many different content providers, and then optimises the content to be suitable for small-screen or mobile viewing. The firm was founded in December 2005 by Vamshi Reddy and Shiva Bayyapunedi, who have combined experience of 26 years in the IT industry.