NKN Media raises $4.08 Mn at $81.69 Mn valuation
The fresh funds will be used to accelerate NKN Media’s expansion beyond the UAE and strengthen its presence in the global media and entertainment ecosystem, the company said in a press release.
Via Entrackr
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"Media and television distribution company NKN Media has raised AED 15 million ($4.08 million) in a strategic investment from entrepreneur and investor Dhiraj Jain, founder and chairman of 1XL. The investment values the company at AED 300 million ($81.69 million) and gives Jain a 5% stake in the company. The fresh funds will be used to accelerate NKN Media"s expansion beyond the UAE and strengthen its presence in the global media and entertainment ecosystem, the company said in a press…
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