October 20, 2020

flyx: Social community platform FLYX raises $200Okay in pre-seed funding

Delhi and New York-based, FLYX, a social community platform for OTT content material on Tuesday stated it has raised pre-seed funding amounting to $200,000 from Excessive Networth People (HNIs). The corporate will use the funds to speed up product improvement and additional increase companies in India, based on a launch.

Based by seasoned technologists Shashank Singh and Mayank Mishra, FLYX is a streaming social community that helps customers discover advisable content material to observe, on the again of a singular algorithm that aggregates opinions from pals, family, and contacts throughout all main streaming platforms. The app is out there free of charge obtain on each iOS and Android shops and works throughout all streaming platforms corresponding to Netflix, Amazon Prime, Hotstar, Hulu, Google Play amongst others, the discharge added.

The worth that FLYX offers is decreasing time in choice making, and having the ability to discover opinions out of your social community, aligned to non-public style. Simply by logging in, customers can see what their contacts have advisable, and make knowledgeable selections. Customers can even create a unified cross-platform watch-list, and hold observe of exhibits watched in a personal “seen checklist.”

The platform lets them cross-post on social media platforms together with Instagram and Snapchat. An interactive platform, the place customers can interact with their followers via the personal or group chat function – FLYX additionally allows watching trailers and exchanging notes and feedback with followers about new and upcoming releases.

“It’s incredible to have the assist of our buyers as we glance to develop and scale FLYX in India. We’ve seen encouraging development over the previous couple of months, and we think about this to be the best time to scale our operations and to strengthen our place because the one-stop-shop for opinions, suggestions, and updates for leisure throughout main streaming platforms in India. Our plan is to reinforce our expertise, add extra streaming platforms and social networking platforms, to offer customers a extra complete expertise,” stated Shashank Singh, CEO & co-founder of FLYX.

“With content material consumption at an all-time excessive, the necessity for a utility like FLYX is plain and I’m assured that Shashank and Mayank are the best founders to scale this enterprise and take it to the subsequent degree”, stated Raj Mishra, investor, chairman & founder, AIT International Inc.

Shoppers can use FLYX to know what pals and family are recommending and allow them to know what their favorites are. Be up to date with what motion pictures and exhibits are trending throughout varied platforms, amongst different options.

KPMG in its newest report, ‘Unravelling the digital video shopper’ estimated that India can have greater than 500 million on-line video subscribers by FY 2023. This might make it the second-biggest market on the planet after China.