Tiger Global invests $ 10 mn in online comedy content creator The Viral Fever

Global hedge fund Tiger Global has invested $10 million (Rs 65.6 crore) in The Viral Fever, valuing the makers of popular online video sitcom Permanent Roommates and TVF Pitchers at around Rs 270 crore.

Tiger investments in India include Unicorns such as online classifieds firm Quikr, e-commerce firms Flipkart and Shopclues and taxi aggregator Ola. The Viral Fever has over 1.36 million followers on its YouTube channel and is among the popular online video channels in the country.

Tiger has valued the company, Contagious Online Media Network Pvt Ltd, which owns The Viral Fever, at around Rs 270 crore, the firm said in its filing on the Registrar of Companies.

TVF was founded by IIT graduate Arunabh Kumar in 2010.

Contagious earned a profit of Rs 22 lakh on revenue of Rs 64 lakh for the period of August 3 to October 21, 2015, the filings said. The company was incorporated in July last year.

Mint reported the development first on its website.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel