NEW DELHI, May 26, 2016 /PRNewswire/ --
Delhi-based mChamp Entertainments, a celebrity and entertainment-driven contest app, bags Rs 5 crore seed funding from MoMagic Technologies, a leading mobile Internet market and app ecosystem player.
(Logo: http://photos.prnewswire.com/prnh/20160526/10147041 )
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mChamp, a fund-driven contest app, in the past 9 months of its launch has already conducted 50 'Celebrity Meet and Greets' for mChamp contest(s) players. Gift vouchers, cash prizes and free recharges worth Rs 25 lakhs have already been given till date. And the app is witnessing a 15% growth month-on-month, in terms of tie-ups and partnerships with leading FMCG brands, celebrity shows (TV/concerts) and productions houses.
Founder, Paresh Shah, mChamp Entertainments, said, "We are indeed very honored and happy to bag the very first round of seed funding from MoMagic, a Foxconn and MediaTek invested company. Along with being seed funded, we believe our mission of: mChamp being the No 1 Celebrity Contest App will get the necessary business mentorship by MoMagic in achieving the same."
Founder & CEO, MoMagic, Mr. Arun Gupta, said, "We believe mChamp has all the ingredients to emerge as No 1 App in terms of connecting with masses wide across. And it fits well with MoMagic business plans; hence, the decision to seed fund mChamp."
"Entertainment and celebrity are amongst the key sectors, in which MoMagic is looking at innovative ways of organic-inorganic expansion," added Mr. Arun Gupta
About mChamp
mChamp is a fun-driven, easy to win contest app, launched in 2015. mChamp app offers range of contests on a wide variety of topics: from the world of music to sports to TV to bollywood. And as you play, you collect passes and increase probability of being the lucky winner. All age groups, from an 18 year to an 80 year old, finds his/her own reason or interest to relate with it, be it free recharges or gift coupons or meeting celebrities through celebrity quiz or attend rock shows, etc. Everyone can play with equal ease and enthusiasm. Lucky draws, meeting celebrities; super bumper prizes etc. create the desire amongst the mChamp players to play and win daily, weekly and bumper monthly prizes etc. Until now, 50 Meet-and-Greet events have been organized for mChamp lucky winners.
The app can be downloaded from the Play store: http://bit.do/mchamp
About MoMagic Technologies:
MoMagic Technologies Pvt. Ltd. is headquartered in Delhi (NCR) India, and presently operates across 5 major markets in South East Asia.
MoMagic is a leading mobile Internet market and app ecosystem major and holds a significant share of the mobile Internet market. MoMagic believes in business with integrity and passion with emphasis on innovation and entrepreneurship.
Media Contact:
Shivani Srivatava
[email protected]
+91-9810549501
PR and Communication, MoMagic Technologies
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