DSA Summit: iflix not looking for funds but open to strategics that add value: Catcha CEO Grove

Catcha Group-backed on-demand video streaming service iflix – the Netflix-like model which has bagged investments worth over $200 million this year – is not looking to raise more funds currently but would be open to strategics that can add value to the business.

“We are not looking to raise more. But whenever there are strategic…if you look at anyone that we have raised from, they are all very strategic shareholders. They have been people who have tremendous global expertise,” Catcha Group’s co-founder and CEO Patrick Grove told DEALSTREETASIA on the sidelines of the flagship event Asia Private Equity–Venture Capital Summit 2017 last week.

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