INSUBCONTINENT EXCLUSIVE:
Iflix, the streaming video service that competes with Netflix in Southeast Asia and other emerging markets, announced today that it has
raised a new round of funding led by Fidelity International, with participation from returning investors Catcha Group, Hearst, Sky and EMC
The Malaysia-based company did not disclose the amount of the round, but said it totals more than $50 million and will be used for growth
ahead of a potential public offering.Iflix also added new media companies as investors, including MNC, Yoshimoto Kogyo and JTBC, from
Indonesia, Japan and South Korea, respectively
The company currently claims 17 million active users, up from 9 million six months ago
The latest round brings its total funding raised so far to more than $350 million, according to Crunchbase.
