Tag: Dhawal Gusain

  • Postudio secures $1 Million in pre-seed funding, eyes US expansion

    Postudio secures $1 Million in pre-seed funding, eyes US expansion

    MUMBAI: Cloud-based post-production software company Postudio has announced the successful raising of $1 million in a pre-seed funding round, led by media-tech venture capital firm Audacity Venture Capital. The company has also achieved a significant milestone, surpassing $1 million in annual recurring revenue (ARR) within just two years of its launch.

    Postudio co-founders Dhawal Gusain and Harish Prabhu aim to leverage the new capital for rapid scaling, product development, and team expansion. With a focus on affordability and data security, Postudio plans to double its revenues in 2025, driven by the increasing demand for remote collaboration tools.

    In a statement, Dhawal Gusain noted, “We’ve scaled quickly in the Indian enterprise segment in a very capital-efficient manner. In 2025, we plan to sustain this momentum and expand into the US market in the second half of the year.”

    Harish Prabhu added, “Our goal has always been to empower creative teams with tools that simplify and enhance their post-production workflows. We’re excited to integrate cutting-edge AI and Gen AI workflows to redefine post-production, including an AI-driven content localization tool currently in beta testing.”

    Postudio’s platform is rapidly gaining traction among media enterprises and independent production houses in India, providing unparalleled flexibility and scalability. The company is well-positioned to capitalise on the global post-production market, valued at $30 billion and projected to exceed $50 billion by 2030.

    Audacity Venture Capital founder Kabir Kochhar expressed confidence in Postudio’s potential: “The company has found its product-market fit and is scaling rapidly. With growing demand for scalable, AI-enabled, cloud-based solutions, we believe Postudio is poised for success.”

    Postudio differentiates itself with a comprehensive, on-demand platform that streamlines all post-production workflows and offers significant cost savings for media enterprises transitioning from traditional on-premise solutions.
     

  • 2023 Success Stories: Postudio’s growth, DashLoc’s retail surge, and Tonic Co’s AI-centric vision for 2024

    2023 Success Stories: Postudio’s growth, DashLoc’s retail surge, and Tonic Co’s AI-centric vision for 2024

    Mumbai: As we approach the conclusion of 2023, we embark on a retrospective journey through the narratives of three visionary ventures. Founders from post-production, hyperlocal retail, and creative technology share insights into their industries, recounting milestones achieved and unveiling ambitious plans for the upcoming year. Join us in this year-end exploration as we celebrate the resilience, innovation, and forward-looking visions that characterise these stories of growth and transformation.

    Here is the year-end quote below on behalf of Postudio co-founder Dhawal Gusain, DashLoc co-founder & head of growth Sumit Singh, Tonic co-founder and creative technologist Ashay Kshirsagar

    Postudio co-founder Dhawal Gusain

    Postudio is an on-cloud and on-demand Post-Production platform with a vision to disrupt the fast-growing 20B dollar Video Post-Production market globally that still uses offline workflows and on-premise technologies. Harish and I, having cumulatively spent more than three decades in a variety of leadership roles in the media and entertainment industry, truly believe in the potential of Postudio and thus have been building it full-time since the start of 2023.

    2023 was a watershed year for the media & entertainment industry at large. The strategic shift from ‘growth’ to ‘profitability’ that started around mid-2022 culminated in 2023. Multiple large and small companies in this sector executed their cost-cutting plans this year especially since revenue growth was muted amidst a global slowdown. While cost savings are just one of the numerous benefits Postudio offers – others being ease of use, on-demand scalability and best-in-class content security; this macro trend expedited Postudio adoption, especially among large enterprises. Postudio has been consistently 30-40 per cent more cost-effective when compared to existing on-premise solutions.

    Going from a Minimum Viable Product (MVP) at the start of this year to clocking a very robust revenue today and negotiating multiple large deals with a few of the largest companies in this sector in India, it suffices to say that Postudio had a tremendous year in 2023. With this early success, our plans for 2024 are far more ambitious. We plan to bolster our platform with new features for customers especially AI and/or Generative AI-powered features in line with the latest advancements in the market. We aspire to reach a market leadership position in the Indian enterprise segment by the 2024 exit. We also plan to launch our international expansion strategy in 2024 starting the US market.

    DashLoc co-founder & head of growth Sumit Singh

    “As we close the curtains on this transformative year, the retail sector in India has surged forward, navigating through challenges with unwavering resilience. The year 2023 witnessed an impressive 46 per cent year-on-year growth in retail sector leasing across major Indian cities, showcasing the sector’s robust expansion despite evolving landscapes. DashLoc, India’s trailblazing enterprise retail hyperlocal online presence platform powered by Gen AI, mirrored this fortitude with a year of remarkable strides. Our journey extended beyond establishing mere online footprints; it was about empowering enterprises to amplify footfall to their physical outlets while elevating brand visibility across diverse channels. Collaborating with over 50 esteemed clients spanning BFSI, FMCG, Lifestyle, Hospitality, Automobiles, Building Materials, and Appliances, DashLoc turned clicks into meaningful drives, calls, and visits. Our commitment translated into a two times higher conversion rate and delivered an exceptional five times ROI, coupled with a staggering 43 per cent surge in branded search impressions. Looking ahead, as the retail landscape evolves further, our vision remains steadfast. With offline retail projected to contribute around 89.3 per cent to the Indian market by 2024, DashLoc pledges to continue pioneering hyperlocal discovery and growth strategies. Our unwavering dedication is to empower enterprises, redefine online presence, and bridge the gap between digital accessibility and physical presence”– said DashLoc co-founder and head of growth Sumit Singh.

    Tonic Co, founder and creative technologist Ashay Kshirsagar

    As we stand at the threshold of a new year, the digital landscape is poised for a transformative journey. In the coming year, AI is set to take centre stage in shaping the future of creative content. With advancements in machine learning and deep neural networks, AI will become an invaluable tool in generating innovative and personalised CGI solutions.

    One of the key trends we anticipate is the widespread adoption of subscription models for bespoke creative services. This approach allows businesses to access tailored CGI content on a recurring basis, fostering long-term partnerships and ensuring a continuous stream of fresh and relevant visuals.

    Additionally, the integration of 3D technology in e-commerce is poised to be a game-changer. As consumers increasingly seek immersive online experiences, 3D visuals will revolutionise the way products are showcased and interacted with.

  • Postudio’s cloud SaaS disrupts traditional studios for efficient, affordable post-production – Harish Prabhu.

    Postudio’s cloud SaaS disrupts traditional studios for efficient, affordable post-production – Harish Prabhu.

    Mumbai: Harish Prabhu and Dhawal Gusain, launched Postudio /a first-of-its-kind SaaS post-production studio that’s completely on the cloud and on demand. With a mission to reinvent the way people create content, Postudio was founded to pave the way for an accessible, affordable, collaborative and creator-friendly future for the “FMCG- Fast Moving Creative Generation”.

    With just an internet connection and a browser, creators can now access all their favourite and best-in-class tools from editing, VFX, graphics, colour grading, audio systems & more and only pay for what they use. The platform has a centralised storage system which allows team members from across the globe to work together seamlessly on the same project in real-time, making edits and approvals super quick. It is also integrated with superior data analytics so teams get a cockpit view of all their projects and tasks from anywhere, at any time.

    Harish Prabhu is invested in reinventing the way creators make art. With over 25 years of experience in the field of post-production, Harish has been witness to and led the digital revolution in the media & broadcasting industry in India. Harish started his career at NFDC (National Film Development Corporation) as an editor. He then moved to CMM studios and later got into film production. This was the time when digital editing was just being introduced in India.

    Being one of the senior-most professionals in the field of post-production, Harish helped many of the media & broadcasting companies in their digital transformation journey.

    In 1999, he joined Channel [V] as editor & head of post-production, where he was editor of India’s first non-fiction reality show – channel [V] popstars. This is when he started the ‘promo’ creation trend in India, which plays a big part in any media/film release even today.

    He later joined Star India Network in 2002, as senior editor and compositor. His creations were awarded and recognised at Indian & International Promax. This was when the network began its digital transformation journey with Harish leading this effort. From charting workflows and building the tech infrastructure Harish was in charge of building the digital brand. He was also a founding team member of starsports.com – India’s first online sports video platform which marked the beginning of a new era for sports viewing.

    With incredible success on this launch, he then began his next task of building India’s largest digital entertainment platform – Hotstar.

    After over a decade with the Star India Network and completing the entire digital transformation for the company, Harish decided to move on and build something of his own. In 2017, he co-founded Desynova, a cloud-first content supply chain platform offering content management including archive, subtitling, and cloud broadcast playout services to OTT and broadcasting networks.

    Indiantelevision.com in conversation with Postudio founder Harish Prabhu on the launch of Postudio, the USP and much more……..

    On Postudio was founded to pave the way for an accessible, affordable, collaborative and creator-friendly future for the “FMCG- Fast Moving Creative Generation – can you elaborate on this

    Postudio’s inception stemmed from a commitment to reimagine the traditional post-production landscape, replacing it with an end-to-end cloud-based paradigm. This transformation is driven by the recognition that the Fast Moving Creative Generation (FMCG) within the post-production industry is defined by talent who have grown up in a tech-savvy world, valuing key attributes such as affordability, security, creative freedom, geographical mobility, and data analytics. Postudio addresses these evolving needs by providing an accessible, affordable, and collaborative cloud-based platform.

    This digital shift eliminates the necessity for creators to invest in expensive hardware and software, offering a liberated environment where they can work from any location and enjoy heightened security for their content. Moreover, Postudio places significant emphasis on data analytics, empowering artists and post-production employees with actionable insights, thus revolutionizing their creative processes and decision-making. In essence, Postudio ushers in a future where the post-production journey is characterized by seamless, efficient, and secure workflows, perfectly aligned with the expectations of the modern creative workforce.

    On the moot idea of opening Postudio

    The driving force behind founding Postudio was to confront the pressing challenges that the post-production industry faced, particularly in the context of the COVID-19 pandemic. During this time, it became evident that our industry was among the few that could not adapt to remote work, which was a significant limitation.

    My interactions with both industry veterans and emerging artists illuminated that this was just the tip of the iceberg. The Fast Moving Creative Generation (FMCG) needed a solution like Postudio to break free from the constraints of traditional setups. We recognized that the content creation was poised for significant growth, but it was being held back by high costs, limited accessibility, and inefficient collaboration.

    In response, Postudio was conceived as a solution that would make post-production more affordable, accessible, and collaborative by transitioning it to the cloud. By offering industry-standard tools and seamless project management, we aimed to empower creators to focus on their creative work, unburdened by the costs and complexities of traditional hardware and software. Postudio represents a step towards a future where the creative community can thrive, regardless of geographical constraints, and fully embrace the limitless potential of their artistic visions.

    On AI having a major role to play in the post-production industry? and how

    I believe AI is an ally for post-production because AI’s impact on the post-production industry is transformative. It automates labour-intensive tasks, like video compilations and colour correction, resulting in increased efficiency. AI streamlines workflows, reducing the time and effort required for these processes, and allowing creators to focus on their creative vision. Furthermore, AI-driven content analysis simplifies the management and retrieval of specific clips or scenes, facilitating more precise and efficient post-production work. Embracing AI to its maximum potential is the key to unlocking new heights of productivity and creativity in the industry.

    On the plethora of post-production studios because of TV & OTT. and Postudio’s USP

    Postudio’s distinctiveness is anchored in its cloud-based, on-demand SaaS platform, which stands in stark contrast to the conventional post-production studios reliant on physical infrastructure and expensive post-production systems.  It heralds a new era of digitization for the post-production industry. Through years of research and experience, we have built Postudio to be the most comprehensive, intuitive and seamless SaaS platform for all things post-prod. All one needs is an internet connection and a browser!

    This transformation touches every facet of post-production:

    1   Creative Freedom: Postudio liberates creators from constraints by granting access to industry-standard tools and removing the need for expensive equipment.

    2   Geographical Mobility/Work from Anywhere: Our cloud-based platform empowers creators to work from any location, transcending geographical barriers and promoting global collaboration.

    3   Best-In-Class Security: We place a premium on content security, employing AES encryption and stringent access control to safeguard creators’ invaluable work from unauthorized access.

    4   Deep, Actionable Data Analytics: Postudio equips creators with robust data analysis tools, facilitating insights into their projects for enhanced managerial control and informed decision-making.

     Substantial Cost Savings: Through our pay-as-you-go model and elimination of the necessity for costly hardware and software investments, Postudio offers substantial cost savings, placing creators’ financial resources to better use.

    6   Collaboration: The platform enables real-time collaboration between multiple editors through centralised storage. This makes project management easy with up-to-date analytics, high content security and access control tools.

    Comparing Postudio to traditional post-production methods is like comparing Uber to kaali-peeli taxis. In every aspect of the consumer experience journey, Postudio represents a significant leap forward, offering creators a comprehensive and game-changing solution for post-production, positioning itself as a trailblazer in the industry’s ongoing transformation.

    On some of the biggest challenges in today’s post-production industry

    A key problem in our industry is that we often resist change and stick to what we know. This causes many issues that hamper day-to-day productivity. Issues like limited creative freedom and being tied to specific locations for work. It also leads to messy workflows, data security problems in the digital age, high costs, and a lack of tools for analyzing data. To fix these problems, we need to be more open to new ideas, embrace technology, encourage innovation, and invest in talented people and data analysis. The good news is that more people are starting to realize the importance of technology and are slowly adopting these advances.

    On having spent many years as a post-production person in a broadcast channel, Harish you were instrumental in launching Hotstar, how are you looking at the post-technology today

    I have long felt (being 27 years in this Industry) that with Post Production we have barely scratched the surface of what Tech can do. COVID showed me how ill-prepared and antiquated we were as an industry. Fortunately, others realized it too. I look at the post-prod journey as two-time phases 1) BC – before covid where the laissez faire/inertia was deeply rooted and 2) AR: after realisation when I believe the industry (or at least a large part of it) realised that we cannot thrive if we continue to work the way we did. There have been incremental improvements in collaboration and communication tools and most definitely in content supply management but with Postudio, I believe we have the first exponential change that will benefit every player in the post-prod world from the editor to the studios to the production houses and the distributors.

    On Postudio operating on the cloud, can you explain this in layman’s terms

    When we say Postudio operates on the cloud, think of it like this: Instead of having all your post-production work stored and processed on physical computers or servers in a specific location, we use the internet to store, process, and manage your media assets and projects. This means you can access your work from anywhere with an internet connection, collaborate with team members worldwide, and use industry-standard tools without the need for expensive hardware and software. It’s like having a virtual post-production studio in the cloud that’s always available to you.

    On the importance of privacy and security in today’s content-run world and on measures that have you taken on this aspect in particular

    Privacy and security are of utmost importance in today’s content-driven world. At Postudio, we take privacy and security seriously. We use AES encryption and strict access controls to ensure that your content remains secure and protected from unauthorized access. Only invited team members have access to the projects, creating a safe and collaborative environment. We also implement data analysis to maintain optimum managerial control and ensure that your valuable work is kept confidential. Our commitment to security and privacy is integral to our platform, allowing creators to focus on their art with confidence in their content’s safety. 

  • Star & Disney India expands roles of Kevin Vaz, Gaurav Banerjee

    Star & Disney India expands roles of Kevin Vaz, Gaurav Banerjee

    Mumbai: Star & Disney India has expanded the roles of senior executives Kevin Vaz and Gaurav Banerjee. 

    Previously, head of kids, infotainment and regional entertainment channels, Vaz has been appointed as head of entertainment, a newly created role and will be responsible for the entire entertainment channel business. Banerjee, previously head of English and Hindi entertainment channels, has been appointed as head of content and will spearhead content for HSM entertainment channels and Disney+ Hotstar including regional content on the OTT platform.

    The new roles were announced by The Walt Disney Company India and Star India, country manager, K Madhavan in an internal memo to staff.

    Vaz’s remit will expand to include Star Plus, Star Bharat, Star Utsav, Hindi movies, and English cluster. Star Plus, GM, Sumanta Bose, Star Bharat, GM, Arpit Mankar and Star India, GM – Hindi films, Hemal Jhaveri will report to Vaz. Additionally, Star India’s executive vice president – ad sales, entertainment business, Arghya Chakravarty will have a dotted line reporting to Kevin for HSM ad sales.

    The content heads of all Hindi channels will report to Banerjee. Hemal Jhaveri will also have a dotted line reporting to Banerjee for digital movie rights. Apart from Jhaveri and Dhawal Gusain, all regional channel GMs will also have a dotted line reporting to Banerjee for Disney+ Hotstar content.

  • Tiger Global invest $6 million in TVF

    Tiger Global invest $6 million in TVF

    MUMBAI: The Viral Fever (TVF), an over-the-top (OTT) platform, has raised an additional $6 million (around Rs 41 crore at current exchange rates) from existing investor Tiger Global, according to VCCircle.

    Tiger Global is one of the most active venture capital investors, with around 50 firms in its portfolio. It has backed unicorns including e-commerce major Flipkart, classifieds platform Quikr and ride-sharing firms Ola and Uber.

    TVF started out as a YouTube channel that produced premium content targeted at a young demographic. Besides YouTube, its website and Android and iOS apps also serve as digital OTT content distribution platforms.

    TVF which is operated by Contagious Online Media Network, raised the fresh capital at an estimated post-money valuation of around $40 million (around Rs 270 crore). TVF has also raised more than $20 million in external funding, which includes a $4.97 million investment from Tiger Global in July.

    The platform was founded in 2010 by Arunabh Kumar and incorporated in August 2015. It is backed by well-known individual investors that include Flipkart co-founder Binny Bansal, Ola co-founders Bhavish Aggarwal and Ankit Bhati, Freecharge founder Kunal Shah and Toppr founder Zishaan Hayath, among others.

    TVF generates its revenues through marketing and advertising streams associated with its content viewership. It is yet to charge audiences for its content.

    The company had a tumultuous 2017 after founder and CEO Kumar stepped down as chief executive officer following accusations of sexual harassment by a former employee.

    He was replaced by TVF’s chief operating officer Dhawal Gusain.

  • TVF elevates Gusain as CEO as Kumar steps down

    MUMBAI: TVF, a VoD platform which had last year received Rs 660 million investment from Tiger Global Management Llc, has elevated Dhawal Gusain as the CEO. Gusain has taken over the new role from Arunabh Kumar who has decided to step down.

    Gusain has been with TVF since 2015 as the COO of the firm. With over a decade of industry experience, Gusain has been in leadership and management roles across various sectors and geographies.

    In the past, he has worked with Hindustan Unilever Limited, PwC’s strategy & (formerly Booz & Company) and DropThought (VC-backed Silicon Valley start-up) at various locations in India and the United States.

    Gusain has an MBA from Stanford Graduate School of Business and a B-Tech from IIT Kharagpur.