Delhi and New York-based, FLYX, a social network platform for OTT content, announced that it has raised pre-seed funding amounting to USD 200K by HNIs. The company will use the funds to accelerate product development and further expand services in India.
Founded by seasoned technologists Shashank and Mayank, FLYX is a streaming social network that helps users find recommended content to watch, on the back of a unique algorithm that aggregates reviews from friends, family and contacts across all major streaming platforms. The app is available for free download on both iOS and Android stores and works across all streaming platforms such as Netflix, Amazon Prime, Hotstar, Hulu, Google Play among others.
The value that FLYX provides is reducing time in decision making, and being able to find positive reviews from your social network, aligned to personal taste. Just by logging in, users can see what their contacts have recommended, and make informed choices. Users can also create a unified cross-platform watch-list, and keep track of shows watched in a private “seen list.” The platform lets them cross-post on social media platforms including Instagram and Snapchat. An interactive platform, where users can engage with their followers through the private or group chat feature - FLYX also enables watching trailers and exchanging notes and comments with followers about new and upcoming releases.
“It’s fantastic to have the support of our investors as we look to grow and scale FLYX in India. We have seen encouraging growth over the last few months, and we consider this to be the right time to scale our operations and to strengthen our position as the one-stop-shop for reviews, feedback and updates for all entertainment across major streaming platforms in India. Our immediate plan is to enhance our technology, add more streaming platforms and social networking platforms, to provide users with a more comprehensive experience.” He further added, “We are thankful to our investors for the opportunity to tap into their capital, knowledge and network,” said Shashank Singh, CEO and Co-founder of FLYX.
“Shashank and Mayank are two of the most impressive entrepreneurs and technologists I've come across. Their ability to identify a need in the marketplace and quickly adapt to consumers needs positions them beautifully in this constantly changing marketplace. With content consumption at an all time high, the need for a utility like FLYX is undeniable and I am supremely confident that Shashank and Mayank are the right founders to scale this business and take it to the next level,” said Raj Mishra, Investor - Chairman and Founder AIT Global Inc.