Iflix Video-Streaming Service Secures $133 Million in Funding<br />Neeraj Khemlani, the president of Hearst Entertainment & Syndication, said in a news release<br />that Iflix was “riding the wave of exponential growth of the middle class in emerging markets that want more access to premium regional, local and Western content.”<br />With the latest funding round, Iflix said it had raised more than $220 million this year.<br />LONDON — Iflix, a Malaysian video-streaming service<br />that operates mostly in emerging markets, said on Monday that it had received $133 million in a round of funding from a group led by the American media and information company Hearst Corporation.<br />“These new funds will allow us to further execute on our local content strategy<br />and expand our technology and development teams so we can continue to rapidly evolve the Iflix service to meet the unique challenges of emerging markets.”<br />Iflix was advised by Moelis & Company and Delta Partners and by the law firm Herbert Smith Freehills.<br />“From the beginning, our vision for Iflix has been to build a world-class service for the local customer, transforming the way everyday<br />consumers enjoy entertainment in emerging markets,” Mark Britt, the Iflix co-founder and chief executive, said in a news release.
