The promise of mobile in India is attracting venture capital at a rate never seen before. The latest deal of note involves Hungama.com, a media company that provides music, videos and movies on mobile, desktop and beyond, which is on the cusp of raising more than $100 million. […] The total audience for Hungama’s services hit 48 million users in February. Of that figure, a whopping 43 million consumed content on a mobile device, with 13.8 million paying for some form of content across its platform. Hungama’s services were used by 227 million consumers during its last financial year, with around one-third spending money in some way. – Jon Russell, TechCrunch

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