Streaming Social App Frenzi has raised its seed round from ah! Ventures Angel Platform, led by SucSEED Indovation Fund and participated by Interaa Group. This is ah! Ventures’s 26th investment in 2021 and 5 more investments will be announced shortly. This is ah! Ventures’ 89th investment (in 70 Startups) taking its total investment portfolio to INR 232 CR (~31 MN USD) with 11 exits and 18 follow on rounds till date.
Frenzi is the gateway to the OTT World, enabling discovery across services and a social platform that celebrates and pays for a fan’s passion for cinema, television and web content. With the explosion of shows and OTT platforms, the decision on what to watch has become difficult to make. In other words, OTT viewers are stuck with a ‘Problem of Plenty’ and a ‘Paradox of Choice’.
While there are multiple ways in which directories of content are available to consumers today – both on OTT platforms and through standalone options, Frenzi provides a unique and credible blend of recommendations based on one’s social circles and layered with tech capabilities built on a AI/ML foundation. The Community Engagement and Rewards layer is what truly differentiates Frenzi and puts the consumer at the core of the entire experience.
Frenzi has made significant strides in the midst of the lockdown and now the app is well and truly off the blocks. It has already mapped 5 lac+ movies and series across 60+ platforms. The Frenzi community is already half million, strong and growing. The platform has already seen over 2 million searches with 100K plus social interaction and more than 50K plus reviews and ratings.
“Frenzi is the need of the hour in the growing streaming ecosystem. Consumers are looking for a better way to discover and manage their content at affordable prices. Frenzi brings in ease of discovery, reliability of community and a reward platform that makes multiple subscriptions affordable.”, said Balkrishna Hari Singh, Founder and CEO, Frenzi.
“We are in a growth trajectory, Ahventures, not only brings in the capital support but also a network of experienced individuals. Our initial success and learnings leaves us well-placed to deploy capital to enhance our product and teams for the next level of growth.”, added Balkrishna Hari Singh.
“India is the world’s fastest growing OTT Market with more than 60 active OTT platforms. Users are actively seeking good content but it’s tough. Frenzi is an early entrant to OTT Content Discovery and Recommendations segment. Strong partnerships, closely knit Communities around content and road map to global market, makes it a unique and strong contender in this segment.”, stated Abhinav Khandelwal, Venture Partner, ah! Ventures.
Know More: Abhijeet Kumar, abhijeet@ahventures.in
About ah! Ventures
ah! Ventures is one of the world’s largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 232 CR (~31 MN USD) in 70 startups and 89 investments and have announced 11 exits and 18 follow on rounds till date.
Contact: Abhijeet Kumar, abhijeet@ahventures.in
