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Seventymm raises Rs. 50 crore

CHENNAI: Seventymm, a movie rental service, has raised Rs. 50 crore in Series C funding making it one of the largest invested start-up ventures in India with a total capital investment of Rs. 90 crore. This round was led by NEA-Indo-U.S. Ventures and Vani Kola, Managing Director of NEA India-Indo US Ventures, has joined the Seventymm board. Seventymm had earlier raised Rs. 40 crore in funding from leading venture capital firms.

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