The Atlanta-headquartered web TV streaming ‘YuppTV’ which permits users to watch TV on mobiles and tablets, is aiming huge. This service provider which propelled its App service over the nation will soon begin a channel to stream videos a la YouTube, debut a media player that changes over TV screens into processing devices, dispatch a devoted games channel and much more. To do the greater part of this, the company is in talks with financial aids to raise up to $60 million. Till now the founders have plonked down $11 million. Of the proposed $60 million, $50 million will be a part of Series B finances
prone to be shut in the following 3 to 4 months. The remaining $10 million is liable to accomplishment of specific turning points.
Established in 2006, the organization’s income down and out $15-16 million in the year 2014 and is focusing to close this year with $20-30 million. By the end of 2016 it would like to turn profitable. Founder & CEO of YuppTV Uday Reddy said, a latest way for Television is here and it will reform the way TV is watched by giving the control to the user to sit in front of the TV at his convenience. YuppTV offers more than 200 channels crosswise over 13 Indian languages. They have entry through 25 devices to six screens i.e. connected TVs, web set top boxes, keen bluray players, PCs, gaming consoles, tablets
Minister of Panchayat Raj and IT K T Rama Rao said, Launch of YuppTV is in accordance with our vision to cultivate development of Digital India. In the course of recent years, technology has been changing lives and YuppTV service is one of those advancements fuelling this change. He has formally propelled the service close by cricket legend Brian Lara and Bollywood performing artist Parineeti.