PurpleStream Convergence, an India-based video streaming services provider, has raised an undisclosed amount from venture capital firm Mercatus Capital and Singapore-based content producer Hub Media Group.
Purplestream is also relocating to Singapore to launch its broadband video serivce in Asia.
Kevin Balhetchet, chief executive of Hub Media, said: “This strategic investment in PurpleStream gives Hub Media access to a broadband content delivery platform through which we can bring value-added services to our customers.
“We have already started working with PurpleStream on several projects in Hong Kong, Malaysia, the Philippines, Indonesia and Mexico for the delivery of TV shows and movies across multiple territories.”