Iluminar Media Private Limited announced that it has raised INR 70 million in a round of funding on August 28, 2019. The transaction also included participation from new investor, Alteria Capital India Fund I, a fund managed by Alteria Capital Advisors LLP and returning investors, Akatsuki Entertainment Technology Fund, a fund managed by Akatsuki Inc., Investment Arm, Dream Incubator Inc., Blume Venture Advisors Pvt. Ltd., and Chiratae Ventures India Advisors Private Limited.

The company issued series A debentures in the transaction.