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Amitabh Bachchan, Abhishek Bachchan Invest in Singapore-Based Startup

The deal between the Bachchans - who are often referred to as the first family of Bollywood - and the company was executed on Monday, Ziddu.com said.
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Amitabh Bachchan, Abhishek Bachchan Invest in Singapore-Based Startup
Amitabh Bachchan and son Abhishek Bachchan have invested their personal money to the tune of nearly Rs 1.6 crore or $250,000 in Singapore-based Meridian TechPte Limited which runs free cloud storage, e-distribution and micro-payment startup  Ziddu.com.

"Mr Amitabh Bachchan and his family have invested in Ziddu.com at a valuation of around $71 million," Venkata Srinivas Meenavalli, founder of the five-year old company said.

Mr Meenavalli said (quoting Google Analytics) that Ziddu was among the top five file-sharing sites across the world, generating 1.2 billion page views with visitors from more than 225 countries.

The company logged revenues of $20 million in calendar year 2014. The deal between the Bachchans - who are often referred to as the first family of Bollywood - and the company was executed on Monday, Ziddu.com said.

(With agency inputs)

 

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