StartupCentral

New York-based open source online video platform provider Kaltura has raised $20 million in Series C funding from Nexus Venture Partners, Intel Capital and existing investors .406 Ventures, Avalon Ventures and Silicon Valley Bank. Nexus led this round of funding. Kaltura’s solutions serve more than 100,000 publishers. Its users include Fox, Paramount, HBO, Times of India, Texas Instruments and Columbia University.

Kaltura launched its video platform in September 2007. The startup has four founders — Ron Yekutiel, Shay David, Michal Tsur and Eram Etam. The video platform is free but the company makes money by providing value-added services such as custom work, hosting and streaming, content syndication and ad-serving.The startup will use the fresh funding to enhance rich-media functionalities on tablets, mobiles phones and other devices.

What others are saying about the deal

• Kaltura raises $20 million from Nexus, Intel Capital (Medianama)
• Kaltura raises $20 million for open source video technologies (Mashable)

[media-credit name="Snigdha Sengupta" align="alignnone" width="150"][/media-credit]Kanwaljit Singh started Bangalore and New Delhi based venture capital firm Helion Venture Partners with Ashish Gupta and Sanjeev Aggarwal in April 2006. The firm has raised $350 million and invested in 21 companies till date. In 2008, Helion added consumr services businesses to its investment focus alongside technology-powered businesses. Singh, who earlier led Carlyle Group’s venture investments in India and held key operational roles at Intel Corporation and Hindustan Unilever for over two decades, talks about why consumer services are such a great venture opportunity in India.

Why Indian Venture Capitalists Are Investing in Consumer Businesses

By Kanwaljit Singh

The consumer services market, which we at Helion see as a key area of focus, is a very interesting opportunity that could potentially translate into unique returns for venture capital in India. There are a few reasons that make this market compelling for investors. Read the full story