Reliance Entertainment: Reliance Entertainment, 3one4 Capital back crowdfunding platform Wishberry

Crowdfunding platform Wishberry has raised Rs 10 crore ($1.4 million) in a Series A round of funding in which Anil Ambani's Reliance Entertainment and early-stage investment firm 3one4 Capital participated. Wishberry said in a statement that Sunil Patil, director on the board of digital cinema firm Scrabble Entertainment, had also contributed to the round. The Mumbai-based firm plans to use the fresh capital to launch what it says is India's first crowdfunded film studio for low-budget cinema. Named Wishberry Films, the platform will help high net-worth individuals (HNIs) discover and invest in low budget regional and content-driven [...]