Stock Market OTT Platform Raising Funds In Hyderabad
About Business
The media business offers an OTT application featuring stock market news in multiple languages, including Telugu, Kannada, Tamil, Malayalam, Hindi, English, Gujarati, and Bengali. It provides live broadcasts from 9 AM to 3:30 PM, along with recorded playlists and insights. The business operates on an annual subscription model, targeting 10 million downloads over the next five years. Additionally, it generates revenue through advertisements.
Clientele type
The company serves a diverse clientele, including fintechs, banks, NBFCs, financial institutions, portfolio management service companies, and government entities. Additionally, it works with ministries, stock exchanges, and stock brokers.
Premises
LEASED
Lease per month (in INR): 50.00 K
Security Deposit (in INR): 3.00 L
Carpet Area: 800 sq ft
Asking Price Includes
The company will offer 1% equity for each ₹1 crore investment, with a 5-year lock-in period. The exit strategy follows a 1X+2X = 3X model.
Asking Price
INR 50.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The media business requires additional funds for the first two years to cover expenses related to app development, prototype creation, operational costs, content creation, marketing, and other essential activities.
More Details
The founder is an IIM Visakhapatnam alumnus with 10 years of experience in the IT business. The co-founder is an investment banker with 12 years of entrepreneurship experience. The advisor is from ISB, and the CFO also holds credentials from ISB.
The company is set to launch a platform--an OTT platform specifically focused on stock markets, which could be a game changer for the industry.
Keywords
Business Tags
₹10 to ₹200 Cr
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