Online Video Service Tinselvision Gets $3 Million Second Round

A fresh influx of more than $3 million in funding for Tinselvision, an online VOD service targeting South Asian communities in the US, UK and Canada, has been led by its current largest investor – Innovative Entertainment Limited, a Geneva based subsidiary of Innovate Energy Group. The second round financing, Tinselvision claims, gives it a “pre-launch, post-money valuation at nearly $20 million”. IEL had invested $3 million in the venture just five months ago. Money from the current round of funding will be used for investing in online marketing, hiring, content acquisition, advertising sales and distribution.