iflix raises over US$90M to be the Netflix of Asia, Middle East and Africa

Yon Heong Tung, reporting for E27;

Kuala Lumpur-based Internet TV service iflix has raised over US$90 million from Liberty Global, an international TV and broadband company; Zain, a Middle Eastern and Africa telco; and a private consumer business investment management firm in Africa.

iflix had partnered with Zain last month to launch ‘iflix Arabia’ in the MENA region.

iflix appears to be expanding to market where Netflix has little or no presence at all.