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Deals RoundUp : SeeDoc, YourNest, Twitter, BookMyShow, Stripes Group and Snail Mobile

Bigtree Entertainment, which owns movie and entertainment ticketing portal BookMyShow, has raised over Rs 550 crore led by US based growth fund Stripes Group.

Doctor Consultation App SeeDoc Gets Funding From YourNest

Video-based healthcare consultation platform SeeDoc has raised around $1 million (around Rs 6.7 crore) in its pre-Series A round of funding led by early stage venture fund YourNest, Sunil Goyal, founder and CEO, YourNest Angel Fund told Techcircle.

Goyal added that several other investors also participated in the round but declined to disclose the names.

Gurgaon-based SeeDoc is an app-based online medical consultation platform which offers paid video consultation with doctors. Users can ask questions from doctors or opt for video consultation. It also allows users to get medicines delivered and diagnostic tests done at home, and keeps all medical records organised at one place.

SeeDoc, was founded by two Silicon Valley entrepreneurs, Jaideep Singh and Vivek Bansal in 2015. In March it launched its video consultation platform. Bansal has done masters in computer science from Kansas State University and is also the founder of early stage investment firm, Plus Ventures.

Twitter Asia Chief Shailesh Rao Resigns

Twitter Inc’s Asia chief Shailesh Rao has quit the microblogging platform after a four-year stint.

Rao, vice president for Asia Pacific, Latin America and emerging markets at Twitter, announced his departure via a tweet. He will be with Twitter through July.

Rao said it was time for him to seek new challenges. But he didn’t specify the main reason why he resigned and whether he is joining another company or starting his own venture. He didn’t respond to TechCircle queries by the time of filing this report as quoted by TechCircle.

Rao joined Twitter in 2012 as its vice president for international revenue. An MBA from Kellogg School of Management, Rao worked for seven years at tech giant Google in various capacities before joining Twitter. At Google, he last served as the vice president of media, mobile and platform for the Asia Pacific region. Earlier, he had worked at data aggregation and data analytics platform Yodlee and media and tech company AOL Inc.

BookMyShow Raises Rs 550 Cr Led by Stripes Group

Bigtree Entertainment, which owns movie and entertainment ticketing portal BookMyShow, has raised over Rs 550 crore led by US based growth fund Stripes Group in one of largest rounds of funding for an Internet company this year.

The round, which also saw the participation from all existing investors, Network 18, Accel Partners, and SAIF Partners, values the portal at more than Rs 3,000 crore, as quoted by ET.

"We will continue to invest in enhancing user experience through our data analytics engine , and building contextual entertainment content including videos, reviews, discovery," said Ashish Hemrajani, CEO and cofounder, BookMyShow.

According to Hemrajani, the company is now well capitalized to invest in strengthening its leadership position for the next three years.

BookMyShow, which was relaunched in 2007, is India's largest online entertainment ticketing platform that allows users to book tickets for movies, plays, sports and live events.

"The current round of investment will further allow the company to make key investments in newer domains and enhancing the depth and coverage of entertainment needs of Indian consumers," said Deepak Gaur, Managing Director, SAIF Partners.

Chinese MVNO Snail Mobile to Enter India

Snail Mobile, a Chinese mobile virtual network operator (MVNO), is looking to shortly enter India, Xu Chongxian, the company's global executive director (mobile markets) told ET.

"India is on Snail's shortlist of key global markets it plans to enter in the near future, apart from the US and Africa", said Chongxian, speaking to ET on the sidelines of GSMA Mobile World Congress 2016 in Shanghai.

Snail Mobile is the MVNO arm of China's $300 million Snail Digital Group. Apart from mobile MVNO services, Snail's core businesses include gaming content production and publishing.

Chongxian said Snail Mobile would shortly start scouting for potential Indian telecom partners to stitch up possible revenue sharing pacts.

"India has a huge addressable mobile market and Snail will not give up on any opportunities to expand its global presence," said the company's executive director.



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