Description
Problem
Content owners (Small & med broadcasters, News cos & publishers, Indie production houses) & creators (Youtubers) want to break free from the predatory policies of centralized content platforms such as YouTube, Udemy, Netflix etc. However, technology and costs are huge barriers to decentralization: Building the tech for content streaming is highly complex and time consuming. The high streaming cost is a huge challenge – video streaming and micro OTT startups quickly end up with huge streaming costs as soon as their business starts to scale.
Solution
Mogi’s white-label OTT/video app solution is disrupting the content industry by offering a completely managed, plug & play OTT platform via no-code integration. Its path-breaking pricing model with no upfront or a fixed cost and only monthly subscription-based pricing is demolishing entry barriers in the video industry & enabling content owners to launch their branded OTT platform within days and start to monetize their content.
Market Opportunity
The global over the top (OTT) market size was valued at US$ 150.51 billion in 2021 and it is expected to hit around US$ 1241.6 billion by 2030, registering at a CAGR of 26.42% from 2022 to 2030.
Following are a few highlights of Mogi I/O:
- Mogi has built a patented ‘Streaming Engine’ that ensures a buffer-free experience for users, leading to speedy content delivery. They have been granted the patent by the Government of India Patent Office for 20 years.
- They have 124+ retail clients onboarded already and 20 enterprise clients too.
- Mogi is backed by Pentathalon Ventures, a premier VC. They are re-investing along with us.
- They are at a current trending ARR of INR 2.4 Crores, with a 70% gross margin and a 2.8x growth in revenues.
About the Founders
Vikrant Khanna – Founder & CEO – 20+ years of experience in P&L and Marketing, Ex COO of HomeShop 18, INSEAD, IMT Ghaziabad.
Rahul Lahoria – Co-Founder & CTO – 10 + years experience in building apps, AI, and Cloud Solutions, has 6 patents, IIT Kharagpur.
Details of the round
The company is looking to raise INR 5Cr (commitments of INR 1.5Cr received already; INR 1Cr from Penthalon Ventures, INR 30L from Sid Malik and INR 25L from Kaushik Guhathakurta) with a Pre-Money Valuation Cap of INR 35Cr.
The investment in Mogi I/O is open through both the Lead Angels network and through our SEBI-registered AIF Category 1 VCF Angel Fund, Lead Angels Fund. In case commitments exceed the allocated amount, allotment will be on a “First Come, First Serve” basis.
