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MX Player likely to turn unicorn with over $100 Mn in fresh funding

Shortpedia

Content Team
Image Credit: shortpedia

MX Player, which owns and operates short video entertainment app MX TakaTak, is in talks with existing and new investors to raise up to $150 million in a new round, according to three people aware of the details of the transaction. This would be the second external fundraise for the firm that was acquired by Times Internet in early-2018. Reportedly, New York-based merchant bank Raine Group is advising MX Player on the deal.