How big or mature is the online video advertising market in India? Bangalore-based venture capital firm Helion Venture Partners has announced a new investment — amount undisclosed — in online video advertising startup Jivox. The company is headquartered in San Mateo, California, and has a base in India (Bangalore). Helion is a co-investor in the $10.7 million first round funding deal led by existing investor Opus Capital. For Helion, managing director Ashish Gupta led the deal. In March, Jivox had raised $2.7 million in seed funding from Opus Capital, around the same time it set up a sales and development office in Bangalore. For more on the company, read the press release. Another company active in the space in India is Vdopia which has recently signed on a advertising deal with Zoom TV.
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