Comments
Indee.tv, which provides a secure streaming platform for film and TV studios, has raised about ₹3.35 crore ($500,000) from Kalaari Capital’s Kstart.
It will use the money to hire a larger technology team in India to focus on product development and a sales team in the US, according to its founder Sharan Reddy.
Last year, Reddy said, the company grew 3.5 times in paid usage and signed on clients such as 20{+t}{+h} Century Fox, IM Global and Endgame Entertainment on “our way to being profitable by the end of the year.” Indee charges a monthly subscription in the standard SaaS model, starting at $49 a month and going up to thousands of dollars for custom enterprise plans.
Based in Bengaluru, most of Indee’s customers are US- and Europe-based production and entertainment sales companies. It is having a growing base in Asia also.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.