Lavelle Networks raises $2 mn

Lavelle Networks raises $2 mn
New Delhi, Apr 2 () Technology firm Lavelle Networks Tuesday said it has raised USD 2 million in funding led by YourNest Venture Capital.The series A funding also saw participation from Ideaspring Capital, KAAJ Ventures (B V Jagadeesh), and ASM Technologies Ltd.

The SD-WAN company has secured strong enterprise wins in India and the fresh funding will accelerate its rapid expansion programme in FY20 into key digital transformation market opportunities, a statement said.

Software-defined networking in wide area network (SD-WAN) simplifies the management and operation of the enterprise’s network. While, the SD-WAN market in India is still at a nascent stage, it is expected to become a USD 250-500 million opportunity in the next 5-7 years as per estimates.

****** Eros International enters into partnership with Veriown

Eros Now, the over-the-top (OTT) platform owned by Eros International Tuesday announced to enter into a partnership with Veriown.

Through this alliance, Eros Now would share films, originals and other content on ‘The Connect’ a product designed and conceptualized by Veriown.

Through internet-powered solar devices, rural Indians will have access to reliable energy and a digital entertainment offering of the largest movie library, original shows, short-format content, originals, music and much more brought exclusively to them by Eros Now, it added.

***** JVC launches 6 TVs in India

JVC, the Japanese brand that has entered India with Veira Group Tuesday announced launch of 6 new smart LED TVs in association with online market place Flipkart.

All 6 Intelligent Smart LED TVs come in sleek design that combine Intelligent UI and several other features including Quantum Backlit Technology, Miracast support etc and are designed specifically suiting the Indian Power consumption.

JVC Global and Veira group plan to invest up to Rs 50 crore on marketing of the brand and to build up manufacturing infrastructure. SR KRH BAL