Frenzi raises undisclosed funding in pre-series A round

• ByStartupStory     |    September 15, 2022

Frenzi, a popular over the top media service accumulation and discovery application, has raised an undisclosed amount in pre-series A round of funding from its existing investors that include Sucseed Indovation Fund and Group UHNI angel investors led by Arvind Vij, Manish Hathiramani and Amrit Agarwal.

“We have seen 10X growth in adoption of Frenzi in the last year, and we are excited about the prospects for future growth,” said Balkrishna, Founder and CEO of Frenzi. 

“The fund will help us scale as well as accelerate our growth plans as we move to the next phase of growth. We are grateful for the support of our repeat and new investors as we work together on Frenzi’s Vision of bringing simplicity and convenience to OTT consumption.”

 Amrit Agrawal, Angel Investor and Senior Executive Officer, NPB Middle East Limited said, “OTT is expanding quickly and is taking over as users’ preferred platform for watching movies. By making it easy and comfortable to locate, play, and interact, Frenzi is poised to become the primary stop for OTT consumers.”

 Vikrant Varshney, SucSEED Indovation Fund said “According to FICCI-EY’s M & E sector report ‘Playing by new rules’, Digital subscription revenue is projected to grow at 25 per cent CAGR as paid subscriptions are expected to double to over 100 million by 2023. Frenzi is a search and recommendation app for all streaming OTT content platforms. Frenzi offers 60+ OTT brand partnerships under one roof, they are saving much time of users by allowing the users to buy subscriptions through this single app at discounted rates by using frenzi points and rewards. Frenzi is among the first few platforms in India for reviews and suggestions of OTT movies and series with high acceptability in users.” 

The start-up revealed that it will develop a new version of the product using lessons learned from the platform’s 1 million+ users’ behaviour. The start-up said in a statement that they had adopted a distinctive “build with community” approach by interacting with product consumers to solicit regular feedback and suggestions and thereby develop a user-friendly solution.

About Frenzi

Founded by Balkrishna Hari Singh and Shoma Bose on Jul 24, 2020, Frenzi is India’s first unified OTT discovery and engagement platform, that helps viewers to find the perfect movie or TV show to watch, invites you to ‘Add Friends’, ‘Write Reviews’ and ‘Recommend’ shows.

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