Online video directory and search engine, OVGuide has received $5 million in funding from Baroda Ventures. It reported of a healthy growth even in tough economic times when other similar networks are desperately trying to monetize online videos. In a press release, David Bohnett, chairman, Baroda Ventures and CEO OVGuide stated:
OVGuide.com is a very strong example of a Web 2.0 company that offers significant and immediate benefits to the Internet consumer. The company has built a very large user base, has a solid revenue model and directs a large volume of traffic to many leading online video sites. There will be consolidation in the online video space and OVGuide.com is well placed to be one of the successful players in this industry.
