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Mobile video site Vuclip raises $8 million from NEA and Jafco

California-based Mobile video service Vuclip has raised $8
million funding from venture capital firms New Enterprise Associates (NEA) and
Jafco Ventures for fuelling worldwide growth and augment regional teams. The company
will also use the raised money to expand mobile video analytics to help
advertisers and content owners understand and improve their offerings based on

California-based Mobile video service Vuclip has raised $8
million funding from venture capital firms New Enterprise Associates (NEA) and
Jafco Ventures for fuelling worldwide growth and augment regional teams. The company
will also use the raised money to expand mobile video analytics to help
advertisers and content owners understand and improve their offerings based on
consumption and region-specific trends. Vuclip enables users to search and
watch videos on their mobile devices.

The company claims that the Vuclip service is popular and
major mobile operators are now distributing Vuclip directly to consumers. Some
of these distribution partners include Bharti Airtel, Vodafone (India), Tata
Docomo and Maxis (Malaysia).

Nickhil Jakatdar, chief executive officer, Vuclip.com, says,
“We have spent the last few years cracking the code on delivering
entertainment to 5,400 mobile devices in 200 countries. We are seeing a true
phenomenon in aggressive viral growth, driven by sharing of compelling local
video content. Vuclip has become the largest independent mobile video service
by focussing on a browser-based solution that leverages technology and by
securing exclusive local content in major international markets.”

Krishna ‘Kittu’ Kolluri, general partner, NEA,
says, “Vuclip has quietly grown into one of the biggest mobile video
services worldwide. Its premium video offerings like video alerts and movie
portals for the various regional markets appeal to the masses.”

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