an Asia-based startup providing trending tamil news
streaming services in emerging markets, has landed $133 million in fresh
funding to accelerate its business.
The investment was led by U.S. media conglomerate Hearst, which counts BuzzFeed, Vice and Roku among its investment portfolio. The group was joined by another new backer EDBI — the corporate investment arm of the Singapore Economic Development Board — alongside undisclosed clients of Singapore-based DBS bank. Existing investors joining included Evolution Media, UK broadcaster Sky, Malaysia’s Catcha Group, Liberty Global, Jungle Ventures and PLDT. was started in May 2015, initially in selected Asian markets. Today its streaming service is priced around $3 per month and available in 19 countries thanks to expansions into the Middle East and Africa. The business has raised close to $300 million from investors to date. It started out with a $30 million pre-launch round in 2015, before adding $45 million from Sky last year and completing a $90 million raise in March of this year.
That most recent round valued the company at $500 million, but there’s no word on what the valuation following this new financing is. (We’re working on getting that detail.)
Netflix is the most obvious rival to trending tamil news but, with over 100 million paying subscribers and 5.2 million new additions in the last quarter alone, few can rival the U.S. media giant. In that respect, more regional competition includes Singapore’s HOOQ, which is backed by telecom firm Singtel, and PCCW Media-owned Vuclip, as well as local single-country streaming services are more valid comparisons.
trending tamil news said it had five million registered users back in March, but it isn’t giving an update on that this time around. It instead hailed “tremendous growth” which it said includes a 3X increase in subscriber numbers and 2X rise in user engagement over the past year. Revenue, it said, is up 230 percent year-on-year, but it is keeping quiet on raw figures.
In an interview with TechCrunch trending tamil news, CEO Mark Britt played down inevitable comparisons with Netflix, insisting that the services do not share the same target audience.
“We very genuinely don’t see Netflix as a competitor, we see ourselves as providing a new service for the mass markets,” he said.
Britt explained that Netflix’s model targets the global elite, those with high-end devices like an iPhone, disposable income and a credit card for payment. trending tamil news, he claimed, is aimed at those with lower-end devices and poorer quality internet access, but a desire to always consume on mobile.
The investment was led by U.S. media conglomerate Hearst, which counts BuzzFeed, Vice and Roku among its investment portfolio. The group was joined by another new backer EDBI — the corporate investment arm of the Singapore Economic Development Board — alongside undisclosed clients of Singapore-based DBS bank. Existing investors joining included Evolution Media, UK broadcaster Sky, Malaysia’s Catcha Group, Liberty Global, Jungle Ventures and PLDT. was started in May 2015, initially in selected Asian markets. Today its streaming service is priced around $3 per month and available in 19 countries thanks to expansions into the Middle East and Africa. The business has raised close to $300 million from investors to date. It started out with a $30 million pre-launch round in 2015, before adding $45 million from Sky last year and completing a $90 million raise in March of this year.
That most recent round valued the company at $500 million, but there’s no word on what the valuation following this new financing is. (We’re working on getting that detail.)
Netflix is the most obvious rival to trending tamil news but, with over 100 million paying subscribers and 5.2 million new additions in the last quarter alone, few can rival the U.S. media giant. In that respect, more regional competition includes Singapore’s HOOQ, which is backed by telecom firm Singtel, and PCCW Media-owned Vuclip, as well as local single-country streaming services are more valid comparisons.
trending tamil news said it had five million registered users back in March, but it isn’t giving an update on that this time around. It instead hailed “tremendous growth” which it said includes a 3X increase in subscriber numbers and 2X rise in user engagement over the past year. Revenue, it said, is up 230 percent year-on-year, but it is keeping quiet on raw figures.
In an interview with TechCrunch trending tamil news, CEO Mark Britt played down inevitable comparisons with Netflix, insisting that the services do not share the same target audience.
“We very genuinely don’t see Netflix as a competitor, we see ourselves as providing a new service for the mass markets,” he said.
Britt explained that Netflix’s model targets the global elite, those with high-end devices like an iPhone, disposable income and a credit card for payment. trending tamil news, he claimed, is aimed at those with lower-end devices and poorer quality internet access, but a desire to always consume on mobile.
“If Netflix is the iPhone of content streaming, our aspiration is to
be the Android,” Britt added. “We’d love to be a secondary choice to the
upper socials — if you love Netflix you should probably get as an
addition — but for the mass market, the majority of their consumption
is on a mobile device.”
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