23-May-2019
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Hotstar gets a dose of capital: 2018 sees infusion of $74 million
15-Mar-2019

With Hotstar’s losses nudging Rs 400 crore in the year to March 2018, the capital infusion to the tune of $153 million from Star India and Star US Holdings Subsidiary, will come in handy. Documents sourced from business signals platform paper.vc. show the infusion in calendar 2018 was around $74 million. Hotstar’s losses in 2016-17 stood at Rs 489.33 crore. While Hotstar is the top video OTT app hosting nearly 150 million monthly active users during the months of April and May 2018, competition in the OTT space is intense. Boston Consulting Group estimates there are 32 contenders in India today, a more than three-fold increase over the nine players in 2012.

News Source:- https://www.financialexpress.com/industry/hotstar-gets-a-dose-of-capital-2018-sees-infusion-of-74-million/1516687/