1. VC-backed Seventymm To Shut DVD Rental Biz, Focus on E-com

    Bangalore-based Seventymm Services Pvt Ltd, which started as an online DVD rental company but later switched to become an e-commerce site focused around movies, is planning to completely phase out its DVD rental business in the next two quarters (mid 2012), a top company executive told Techcircle.in. read more
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  1. Categories

    1. Markets:

      Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
    2. Financing:

      Acquisition, Funding
    3. Other:

      Jobs, Reports

    1. As we have planned not to add new stocks (DVDs for rent), we do not want our customer's money to be blocked. It's just a gesture from our part to let the customers use the unutilised money. And the customers have loved the idea.
    2. The way we are scaling up our business we might need fresh funds, in one-and-a-half years time.
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