Category: Over The Top Services

  • Chingari strikes music licensing deal with Koinage Records

    Chingari strikes music licensing deal with Koinage Records

    NEW DELHI: To make its presence felt in the world of new age music, Indian short video app Chingari has announced its collaboration with popular music label Koinage Records. Under the licensing deal, all the released and upcoming tracks of the record label will be now available to Chingari users to create content on the platform. 

    Koinage Records is known for producing multiple genres of music content with a focus on delivering music for every genre and age. The Delhi-based music label not only intends to collaborate with known artists from the industry but with independent artists across the country.

    "We intend to bring forth original content in the independent music space by identifying the right talent and provide them an opportunity to showcase their talent at the highest level,” said Koinage Records business director Ramit Bhat. "With our collaboration with Chingari, we feel our vision to bring forth multi-genre music content will get the right and wider audience.”

    Chingari founder Sumit Ghosh said the partnership with Koinage would create a wave among youth in India. 

    "This collaboration further substantiates Chingari to provide content that’s in sync with the preference of youth in India. Last week, we happily announced Salman Khan as our official brand ambassador and investor. I hope these high-impact collaborations and campaigns will help us impel more audience," added Ghosh. 

    He went on to say that the start-up’s future outlook is to "continue being the most favourable and most preferred platform to connect with brands, artists, production houses, music labels, and online users like never before, and our ethos to reach out to across every state of Bharat." 

    Chingari co-founder and COO Deepak Salvi remarked that this alliance will not only help the short form video app to localise content in every language but also help the companies mutually benefit from the perks that come along with the deal.

  • Edtech newbie Practically sets 1 million users as next milestone

    Edtech newbie Practically sets 1 million users as next milestone

    KOLKATA: 2020 has broken all the barriers for edtech players in India, especially the start-ups. With educational institutes being shut for most of the year, a number of new players have gained momentum in their growth journey. Investment by venture capital (VC) in e-learning firms has quadrupled between January and November reaching $1.8 billion.

    Practically is one such edtech platform that has come up by leaps and bounds in the last one year to tap into the growing segment. The learning app, which has crossed 330,000 users, raised $4 million in a pre-Series B round this January. With a pan India expansion plan in the works, it aims to surpass one million users within the next year, revealed Practically marketing & brand strategy vice president Mahadev Srivatsa. After reaching this goal, it might take a shot at five million users in the next financial year.

    The platform started operations during the pandemic with its b2b solution in the Andhra Pradesh and Telangana market. Under this initial line of business, the product was sampled to schools and institutions across the two southern states. However, the brand later realised the need for a b2c model given the geographical limitations of b2b expansion.

    “We are a unique solution. We are working under the b2b2c model,” quipped Srivatsa.

    Both the formats are important from a business point of view, added he, but the b2c push will drive Practically going forward. Under the blended model, b2b solution can be accessed by students without any cost as it will be directly provided by their schools. If users want to access content beyond what has been offered by schools, then they will have to pay, he detailed.

    For the direct-to-consumer segment, the app works under a subscription model. The app consists of a universal curriculum targeting grades six through 12. Users also get access to free 30 minutes of content every month – a freebie that helps drive engagement, said Srivatsa, terming the app as a one-stop shop as it has live classes, doubt resolution and even assigns mentors to students.

    One of the growth accelerators for the brand has been the marketing campaign it did in December last year. It had a two-pronged strategy: ATL was focused on the home market while the digital campaign drove pan-India expansion. The former was targeted to generate more awareness and more conversion. Through the digital campaign, it wanted to test responses from 40 cities identified as potential regions for the future.

    ATL activations included a two-week associate sponsorship on Big Boss Telugu alongside a couple of rounds of print ads. Social media messaging had company, features and campaign-led communication amplified throughout the campaign period of December 2020 to February 2021.

    The campaign has set a lot of milestones for the app like sparking 3X growth, and improvement in social media metrics. As Practically plans to make inroads into more markets, Srivatsa added that they want to make the platform a household name; the latest advertising blitz gave confidence in that direction.

    “At this juncture, considering the learning from the digital campaign and looking at the way business is expanding, the south and western region of India would be our initial foray. You will find us immediately entering this market. We have an eventual entire year plan for further expansion,” he commented. The app may even get into vernacular content and K-5 curriculum in the future.

    With so many players eyeing the booming market, experts have already predicted a spurt in mergers and acquisitions, and consolidation in the sector in the next three to four years. Srivatsa said the similarities between telecom at its early growth phase and ed-tech is significant. It is evident that 3,000-4,000 players will not be able to survive, with media spend being the biggest differentiator. There are certain players who are dominating media spend, brands that have been here for close to a decade and aggressively expanded in the last few years. In this space of cut-throat competition, investment in branding is critical for ed-tech players. It's necessary to communicate the USP of the platform and what it is as a brand, he explained.

  • Crime thrillers can take Indian entertainment global: writer-creator Piyush Jha

    Crime thrillers can take Indian entertainment global: writer-creator Piyush Jha

    MUMBAI: Post the Covid2019 outbreak, the Indian entertainment industry witnessed revolutionary changes as OTT platforms gained massive popularity among audiences. OTT originals which were primarily confined to western countries landed on Indian shores, and this inevitable change motivated many passionate writers and filmmakers to make their online video streaming debut. Piyush Jha is one of those master writers who recently forayed into the world of OTT platforms with his new web series Chakravyuh: An Inspector Virkar Crime Thriller. 

    Switching genres from comedy to crime 

    Piyush Jha started his career as a writer-filmmaker in 1999 with the comedy movie Chalo America. Later, he made two more movies, King of Bollywood (2004), and Sikander (2009). And now, after an 11-year-long hiatus, Jha has re-entered the entertainment industry with Chakravyuh starring Prateik Babbar in the lead role. Unlike his previous outings which dealt with comedic subjects, Chakravyuh is an edge-of-your-seat thriller unravelling over eight episodes. 

    The web series directed by Sajit Warrier premiered on MX Player, and received positive responses from all corners. Based on Jha's book Anti-Social Network: An Inspector Virkar Crime Thriller which was published in 2014, the show portrayed the story of the eponymous daredevil cop who fights against the injustices in society. 

    The evolution of a Mumbai-based storyteller

     "I feel great. Audiences (MISSING) have  welcomed Chakravyuh and Inspector Virkar warmly. At this moment, I should thank Kailash Surendranath and Aarti Surendranath of Mayavid who gave us immense support throughout the journey. Until now, Inspector Virkar was only there in the books, and now he has come to the screens," said Jha. 

    According to him, Chakravyuh is more than just a crime thriller, as it is a character-driven story. Jha revealed that the upcoming two seasons of Chakravyuh – also based on his books – will explore the character of Inspector Virkar in different dimensions. 

    Jha also lauded Prateik Babbar for portraying the role of Inspector Virkar with finesse on screen. 

    "As we go to the next seasons, we will see an evolution in his character, as an investigator, as a person who has deep angst in the system, a person who seeks justice in society. All these elements are going to come out. Prateik is actively looking forward to taking this character further," added Jha. 

    Crime thrillers are the way to go

    Jha held the firm belief that crime thrillers have the potential to elevate the Indian entertainment industry to new heights. The genre has always had a global dimension and quality products could appeal to international audiences. 

    "Post the advent of OTT platforms, Indians have been watching crime thrillers from other languages including Spanish, Italian, etc. Crime thrillers always have the ability to appeal to people irrespective of the language barrier. I strongly believe that Indian filmmakers and storytellers should focus on crime thrillers in the future, as quality products will expand the reach of Indian films and series among international audiences," he said. 

    On his upcoming projects

    The filmmaker revealed that he is currently working on two shows, and also plans to make the second season of Chakravyuh. 

    "Apart from the two shows, I am also working on an audio fiction with Amazon audible. That is new territory for me, and I am very excited about it. The audio fiction will be horror-supernatural, a genre that is very new to me. I feel happy as I continue to be a storyteller, and I find myself evolving as time passes by," Jha signed off. 

  • Transition from print to digital is inevitable in comic industry: CBAM summit

    Transition from print to digital is inevitable in comic industry: CBAM summit

    NEW DELHI: The comic book industry is a well-recognised part of Indian popular culture, having produced many familiar cultural icons like Suppandi, Chacha Chaudhary, Tenali Raman, Detective Moochhwala, Shikkari Shambhu, Mayavi, and Akbar-Birbal. The industry was at its peak during the late 1980s and 1990s, when it flourished with a record number of sales. 

    However, post 2000, the Indian comic book scene hit a major stumbling block due to the arrival of television in almost all households, along with the introduction of video games in middle-class families. Sales and circulation plummeted, and comic book publishing companies either folded or merged. It was a ‘do or die’ situation – and as the saying goes, if you can’t beat ‘em, join ‘em. Now, it is commonplace to find digital versions of comic books; be they Indian or foreign publishers, everyone has an online buying option that enables readers to access their comic on the device of their choice – mobile, tablets, laptops etc. And with television and smartphones continuing to hold sway over new-generation children, the industry is facing an inevitable shift where print comics are losing their prominence to the digital format. 

    In the Comic Books and More Summit & Awards 2021 (CBAM 2021), organised by Animation Xpress, a division of the Indiantelevision.com group, several industry experts talked about the progress of the Indian comic industry, and the swift transition from paper comics to digital mediums. 

    We’ve already seen this conversion to digital happen before, with books and newspapers; comic books have proved to be no exception.

    "We had Amar Chitra Katha comics. They used to publish new editions every month. We used to collect it. We used to exchange it with our friends and make sure that it was circulated privately within them. And most of these comics were available in school and public libraries. And there was one more thing I remember was Sportsweek. Along with the comic book, we used to eagerly wait for Sportsweek as well. So, we all grew up with that culture, and today we suddenly see that the digital ecosystem has taken the centre stage,” recalled FICCI chairman of AVCG Forum and Punnaryug Artvision founder Ashish Kulkarni. “We have a lot to really see as to where, in which direction things are going. According to me, in the comic industry, the print medium is the greatest foundation medium.”

    Global Comix director of business development Eric Tapper asserted that the digital medium is currently dominating, and is going to dominate the comic industry in the coming years. 

    "The next-gen audience is looking for access to stories and content at their fingertips and the transition from books to mobiles/tablets is the product of time. The next-generation audience has the access to stories and comics at their fingertips at any moment, and creators can polish their stories and can engage a much broader audience," said Tapper during his speech at CBAM 2021. 

    Storytellers should find the most effective way to reach children, and it is the best way to stay afloat in the industry, suggested Tinkle editor-in-chief Kuriakose Vaisian.

    Said he: "In India, the most challenging thing is to acquire new readers. I do feel the market is still there, the challenge might be to reach out to the kids on devices that they are comfortable with. [Print] might not be the way to go.” 

    Balarmax founder Sumit Kumar revealed that problems with the distribution network is one of the biggest challenges faced by creators in the country. One of the best ways, he remarked, to overcome this issue is by initially publishing web comics, and gauging readers’ response to the product before taking the call to go into print.

    "The distribution network isn't strong in India, hence we decided to go ahead with webcomics. It's much easier to first come up with the webcomics, see if it works and then we go ahead to publish it," said Kumar. 

  • Telugu OTT Aha fosters female entrepreneurs with ‘Women In Focus’ initiative

    Telugu OTT Aha fosters female entrepreneurs with ‘Women In Focus’ initiative

    KOLKATA: Taking a leaf out of their upcoming women-centric original web series 11th Hour, Telugu OTT platform Aha has partnered with We Hub – India’s first state-led incubator for women entrepreneurs backed by the government in Telangana – to kickstart aha X We Hub: Women In Focus initiative that aims to promote and foster women entrepreneurship by setting up a revolving fund.

    This fund will give aspiring young women entrepreneurs a chance to have their ideas heard and an opportunity to build their very own successful and sustainable businesses. The first recipient of the inaugural financial aid through this initiative is Sortizy, a holistic one stop solution for kitchen management founded by Surbhi Guha and Sagthi Prakash.

    Launching the initiative with their latest original, both the organisations will extend the collaboration for upcoming aha originals as well.

    Through 11th Hour, starring prominent actress Tamannaah Bhatia in her digital debut, Aha will be showcasing the story of a dynamic CEO, Aratrika Reddy. The show will follow Aratrika’s journey as she fights tooth and nail to save her company from an impending financial ruin overnight.

    The show, inspired by Upendra Namburi’s book 8 Hours, is already making waves on social media platforms with its trailer. It is produced and written by Pradeep Uppalapati under Introupe Films banner and is directed by Praveen Sattaru. The cast includes actors such as Arun Adith, Vamsi Krishna, Roshni Prakash, Priya Banerjee, Abhijeeth Poondla, Shatru, Madhusudhan Rao, Jayaprakash, Pavithra Lokesh, Srikanth Iyengar, and Anirudh Balaji.

    Aha promoter Meghana Rao Jupally said, “Out with the old and in with new is what this partnership between aha and We Hub signifies. Through the aha X We Hub: Women In Focus initiative, we will be able change the light in which society sees women entrepreneurs and give these young women the platform to succeed in their own merit. With the same thought in mind, at aha we want to continue to tell stories that inspire young women and our future slate will be a testimony to that.”

    We Hub CEO Deepthi Ravula said, “The social conditioning of our society has always led many to believe that women cannot be good at business. However, that is far from the reality. Even today where we have various women at top positions of global conglomerates, many young aspiring women entrepreneurs are facing a tough time in getting funding for their idea. To overcome such obstacles, We Hub, India’s first state led incubator for women was conceptualised by the government of Telangana in 2018. To provide a conducive ecosystem we partner with like-minded and leading industry players such as aha to provide financial aids to the brilliant women entrepreneurs. We are excited to have formed this association with Aha and look forward to building a new start-up ecosystem for women entrepreneurs.”

  • The 74th BAFTA Awards to stream exclusively on SonyLIV

    The 74th BAFTA Awards to stream exclusively on SonyLIV

    Lights! Camera! and a lot of Action is about to unfold as we gear up to watch one of the biggest award nights of the year. Celebrating excellence in filmmaking across the globe and bringing an enriching experience for movie lovers, SonyLIV will exclusively stream the British Academy of Film and Television Arts Awards, 2021 (BAFTA). The prestigious awards night will live stream on Sunday, April 11th, 11:30 PM directly from the Royal Albert Hall in London. BAFTA 2021 will be hosted by Edith Bowman and Dermot O’Leary.

    The much-coveted ceremony will see seventeen BAFTA winners being announced along with screening of nominated films and behind-the-scenes footage, which will highlight the creative process that went behind curating these masterpieces. Drumming up the buzz further, BAFTA will also honour Ang Lee with the Fellowship this year. The awards night will witness presenters like Asim Chaudhry, Priyanka Chopra Jonas, Sophie Cookson, Phoebe Dynevor, Chiwetel Ejiofor, Cynthia Erivo, Hugh Grant, Richard E. Grant, Tom Hiddleston, Felicity Jones, Gugu Mbatha-Raw, James McAvoy, David Oyelowo, Pedro Pascal, Jonathan Pryce, Rose Byrne, Andra Day, Anna Kendrick and Renée Zellweger from London and Los Angeles, respectively.

    With praises pouring in from world over for his incredible performance, young Indian talent Adarsh Gourav has been nominated in the “Best Actor in a Leading Role” category at BAFTA. Gourav will compete against veteran British actor Anthony Hopkins for The Father, French actor Tahar Rahim for The Mauritanian, Riz Ahmed for Sound of Metal, late Chadwick Boseman for Ma Rainey's Black Bottom and Mads Mikkelsen for the Danish language film Another Round.

    Here's a quick rundown on the nominations across categories –

    BEST FILM

    Nomadland

    The Father

    Promising Young Woman

    The Mauritanian

    The Trial of the Chicago 7

    BEST ADAPTED SCREENPLAY

    Bahrani, Zhao – Nomadland

    Moira Buffini – The Dig

    Christopher Hampton and Florian Zeller – The Father

    Rory Haines, Sohrab Noshirvani, and MB Traven – The Mauritanian

    OUTSTANDING BRITISH FILM

    Calm With Horses

    The Dig

    The Father

    His House

    Limbo

    Mogul Mowgli

    Promising Young Woman

    Rocks

    Saint Maud

    The Mauritanian

    LEAD ACTRESS

    Vanessa Kirby – Pieces Of A Woman

    Frances McDormand – Nomadland

    Bukky Bakray – Rocks

    Radha Blank – The Forty-Year-Old Version

    Wunmi Mosaku – His House

    Alfre Woodard – Clemency

    BEST DIRECTOR

    Both Zhao

    Gavron

    Thomas Vinterberg

    Shannon Murphy

    Jasmila Zbanic

    Lee Isaac Chung

    SUPPORTING ACTOR

    Daniel Kaluuya – Judas And The Black

    Barry Keoghan – Calm With Horses

    Alan Kim – Minari

    Leslie Odom Jr – One Night In Miami…

    Clarke Peters- Da 5 Bloods

    Paul Raci – Sound Of Metal

    SUPPORTING ACTRESS

    Yuh-Jung Youn – Minar

    Niamh Algar – Calm With Horses

    Kosar Ali – Rocks

    Maria Bakalova – Borat Subsequent Moviefilm

    Dominique Fishback – Judas And The Black Messiah

    Ashley Madekwe- County Lines

  • Shreyas Talpade’s new OTT platform Nine Rãsã is here

    Shreyas Talpade’s new OTT platform Nine Rãsã is here

    KOLKATA: Another OTT platform enters the booming ecosystem with actor-producer Shreyas Talpade’s video streaming service Nine Rãsã. The new streamer stands out on the back of its content dedicated to different performing arts and theatre.

    Nine Rãsã offers content in multiple variations including plays, skits, storytelling, stand-up across genres. The platform is available in multiple languages, including Hindi, Marathi, Gujarati and English, and plans to regularly introduce other languages to match the preferences of every audience set.

     It already has 100+ hours of pre-created original content, exclusively for Nine Rãsã, which is ready to go live in a phase-wise manner. The team is also already geared up to initiate filming for an additional 120 hours of content.

    The name Nine Rãsã is inspired from Nav Ras, which means nine emotions. As human lives revolve around these emotions, Talpade thought to name the platform in sync with those emotions. Moreover, he also wanted to give an Indian touch to the name with a global appeal, according to reports.

    The idea stemmed from the will to help theatre artists and technicians when theatres were shut. The content curation started during lockdown itself, the actor said.

    “Theatre is one of the oldest and purest forms of entertainment. Amidst our busy lives and newer entertainment options available, theatre has taken a back-seat over the years, and that kept bothering me. In order to bring theatre back with a similar vigour and excitement, this time was the most suitable. Through Nine Rãsã, we got an opportunity to not only enrich the lives of our audience through superior, original content but also collaborate with the entire theatre community at large,” Talpade detailed.

    The platform will work under the subscription model at Rs 59 per month and Rs 599 per year. The associated cost is only for its premium plays while the remaining content can be availed free of cost.

  • Zee5 Global unveils fresh content line-up for April

    Zee5 Global unveils fresh content line-up for April

    KOLKATA: As we wind up the first quarter of the year, Zee5 Global has unveiled a fresh new line-up of content. Viewers can choose from a variety of Zee5 Originals, television shows, and non-fiction shows to enjoy their summer at home.

    Leading the April line-up is the much-awaited Zee5 Original Film Raat Baaki Hai starring Paoli Dam, Anup Soni, Rahul Dev, Dipannita Sharma and Akash Dahiya. Set to premiere on 16 April, the film is a remake of the popular play Ballygunge-1990, and has been directed by Avinash Das and produced by Samar Khan of Juggernaut Productions. The film revolves around a fateful meeting between two ex-lovers under strange circumstances: one of them is running away from the law for being a murder suspect.

    Zee5-ALTBalaji Original web series Mai Hero Boll Raha Hu starring Parth Samanth, Patralekha and late Asif Basra will drop on 20 April. Taking the viewers through Nawab’s rise as an underworld don in the late 1980s and 1990s, the intriguing drama documents how an amazing friendship and mentorship quickly turns sour when Nawab outperforms his mentor Lala. Next in line is His Story, a Zee5-ALTBalaji Original series starring Satyadeep Misra, Priyamani and Mrinal Dutt in lead roles. The Hindi series premierses on 25 April.

    Zee5 Tamil Original Film Mathil revolves around Laxmikanthan, a common man, who fights against a politician who usurps the wall of his dream house for an election campaign. Starring Mime Gopi and KS Ravikumar, Mathil releases on 14 April 2021 (Puthandu, the Tamil New Year); the trailer is already out. 

    Viewers can also enjoy a special Ramadan curation from 12 April onwards with a variety of delectable festive recipes from celebrity chefs Kunal Kapoor, Sakshi Batra and others. Furthermore, the platform will stream some of the most loved family movies, TV shows and Originals for audiences across markets. From Shabana Azmi’s Mee Raqsam to primetime legacy shows Razia Sultan, Jodha Akbar and popular originals including Daawat-e-Biryani, Jaadu Kadai and more.

    For Zee Tamil viewers, the platform is set to celebrate the grand success of Yaradi nee Mohini and Poove Poochudava crossing a landmark 1,000 episodes – the first ever shows to do so, with Vetri Vizha on 11 April.

    Zee Bangla viewers can enjoy a new fiction TV show Amader Ei Poth Jadi Na Sesh Hoy, where a rich girl Urmi decides to become a taxi driver, in an exciting journey of self-discovery and independence. Slated to be released on 12 April, the show stars Anwesha Hazra as Urmi. Zee Bangla will soon premiere Dance Bangla Dance Season 10, judged by Bollywood celebrity Govinda and popular Bengali superstar Jeet and Ankush. The exciting Sa Re Ga Ma Pa Bangla gears up to stream the grand finale on 18 April.

    Zee Punjabi viewers can celebrate Baisakhi with Neeru Bajwa and top Punjabi artists and TV stars in a special episode on 10 April, while in the popular Punjabi cooking show Swaad Aa Gaya, viewers can celebrate Baisakhi the whole week.

  • Dish TV’s Watcho surpasses 25 mn subscribers

    Dish TV’s Watcho surpasses 25 mn subscribers

    KOLKATA: Dish TV India’s OTT Watcho has surpassed 25 million subscribers, a new milestone for the platform that provides snackable and on-the-go entertainment.

    Watcho has brought a unique assortment of delectable content such as Sarhad, The Jail Plan, Jaalsaazi, 4 Thieves, Love Crisis and Ardhsatya. The platform boasts of 50 original web-shows, 115 Live TV channels and 800+ hours of engaging content across diverse genres.  Furthermore, with the launch of original shows across different languages like Hindi, Kannada and Telugu and original influencer shows such as Look I Can Cook, Bikhare Hain Alfaaz, etc, viewers across the country and across segments can enjoy their favorite content.

    Dish TV India executive director & group CEO Anil Dua said, “We are elated to achieve this 25 million milestone and are proud of having created a strong resonance with our viewers in such a short span of time. At Dish TV India, it has always been our endeavor to meet the entertainment needs of all our subscribers all the time. Watcho, is a step in this direction that delivers a seamless streaming entertainment experience to our subscribers through its advanced technology and diverse content. I would also like to take this opportunity to thank all our subscribers for loving our platform and congratulate our young Watcho team for having created this bond with them.”

    Watcho not only has this unique content on its platform but also provides several engagement properties. It recently rolled out Watcho Aur Jeeto to give users an opportunity to engage with the platform daily. It has also launched Watcho Swag that lets users showcase their talent on the platform.

    DishTV & Watcho, Dish TV India marketing corporate head Sukhpreet Singh added, “Watcho has been growing consistently since its launch. What sets us apart is the fact that Watcho has always aimed at delivering a versatile content portfolio to its subscribers. We are confident that our subscribers are in for a thrilling ride as we continue to introduce interesting snackable content and an integrated content viewing experience across screens.”

  • ShareChat’s parent company enters coveted unicorn club

    ShareChat’s parent company enters coveted unicorn club

    KOLKATA: Mohalla Tech, the parent company of Moj and ShareChat, has become the latest entrant to the coveted unicorn club. The start-up has raised $502 million in its latest round of funding led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient. With the new rounds of investment, its valuation has passed over $2.1 billion.

    ShareChat CEO & co-founder Ankush Sachdeva said, “We are at an exciting inflection point in our journey, where we are going after a massive opportunity with the right team in place and the backing of long-term investors who have a deep conviction in our mission. With ShareChat & Moj, we are well-positioned to build the largest AI-powered content ecosystem in India.”

    With this infusion of capital, the company is looking at aggressively growing its user base, strengthen our creator community, AI-powered recommendation engine and platform health, added Sachdeva.

    Tiger Global partner Scott Shleifer said, “As internet penetration increases, ShareChat’s leading content creation platform is poised to expand dramatically by bridging into online purchases of goods and services. Additionally, Moj is well-positioned to seize the opportunity presented by the growth of short video in India. We are impressed with the team’s understanding of these rapidly evolving technologies and its ability to execute quickly, and we are excited to partner with them as they continue to build a great company.”

    Lightspeed Venture Partners partner Ravi Mhatre said, "We are excited to witness the market-leading growth of Sharechat's short video product Moj over the past year, with adoption in metro cities, towns and villages across the length and breadth of India. Lightspeed globally is honoured to double down on its partnership with Sharechat to build one of India's iconic consumer Internet companies."

    Lightspeed has backed the start-up in every Series A investment round since 2016.

    Founded in 2015, Mohalla Tech has now successfully raised over $766 million across six fundraising rounds, enabling ShareChat to substantially grow and differentiate itself by delivering a unique, tech-led social media experience. Furthermore, Moj, which launched in July 2020, has already made huge strides towards leadership in the short video space. Moj and ShareChat together, with a 280 million-strong user community, envision building a cohesive AI-powered content ecosystem to address India’s growing digital needs.