Traveling in buses can from time to time be uninteresting and sometimes anxious too. People hardly have picks to pick out the sort of tune they want to concentrate, and they're often forced to pay attention to the raunchy tune of the bus and manifestly its no longer every body’s cup of tea to concentrate such songs. Thus people often look for distinctive modes of leisure after they tour in buses.
This scenario led manner for a startup referred to as PressPlay which become began through ex-Zomato Employees Anand Sinha and George Abraham when they give up their jobs to venture into entrepreneurship. Launched in 2013 with a seed capital of $1Mn, Pressplay use to rent drugs to lengthy-distance bus passengers for a fee of INR a hundred. They positioned over 1,000 such tablets in buses, however as its a piece tough to scale up with this asset-heavy version, the 35 member strong team pivoted and as opposed to presenting the drugs to the passengers, it now permits them to connect with the wifi the usage of smartphones and move all of the content immediately, with none buffering or any information costs. PressPlay’s app comes loaded with approximately 30 movies, 1,000 songs, and 10 documentaries and cartoons as well.
This Delhi-primarily based travel leisure startup PressPlay Pvt. Ltd has just raised early stage investment really worth $2.2 Mn from Sequoia Capital and a set of angel traders in pre-series A round. The price range might be used to improve offerings, innovate new products and rent new skills. The starup also in talks to elevate a Series A round of funding with the aid of the end of this month.
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PressPlay has tied up with over eight kingdom delivery operators of Rajasthan, Karnataka, Andhra Pradesh, and Himachal Pradesh and over 50 personal operators, to offer its offerings. The provider comes without spending a dime for an hour and then, at INR 10 for the rest of the journey.
It’s available in about 600 buses throughout 14 towns presently, and has already served over 30,000 passengers. Going ahead, the startup plans to attain atleast 10 more towns inside the coming six months and recover from 10,000 clients using the software on every day foundation.
Although PressPlay, in the meanwhile, does now not have any opposition without delay, however, the nearest competition that might pose threats to its existence consists of the Hotstar app which changed into launched in February by way of Star India. The Hotstar app, the usage of the person’s internet statistics or wifi, allows them to observe tv serials, sports and movies on their smartphones free of value.
Angel traders including Jason Hirschhorn, Jarett Posner, and Amit Bhatiani additionally participated on this round of investment.