According to Ashish Dinkar, 88 million Indians connected to the internet do not have a simple way to access their favourite video content. This could be music, TV shows, movies and documentaries, or allied services like games and e-commerce, on a screen of their choice. He says, "I saw an opportunity in the frustration of millions of Indians who wanted to see content of their personal choice on television sets. Such content is often available online, but users have no easy, hassle-free way of navigating and consuming it."
ReTV, founded by Ashish Dinkar, Imran Ladak, Neha Sharma, and Pramurto Mukhopadhyay, aspires to solve this problem. Started on 12th October 2015. ReTV is an online video distribution platform for curated video content, music, TV shows, movies, games and e-commerce. The content is available on home screens as well as mobile devices.
It enables you to watch any content of your choice on your TV, without the need for any technical knowledge. The viewer can use the remote of their current set top box.
Core product offered
ReTV makes online content for the home entertainment market accessible through the introduction of an internet-enabled device. It curates content from more than 200 websites, including YouTube, Dailymotion, Netflix, Spuul , Ditto TV , YUPP TV and Amazon Prime. It has built-in Bittorrent, which users can search for, download and stream. It has a library of over three lakh movies, one lakh tv shows and ten lakh actors, and lets the user play content from any online video source within the ReTV interface.
ReTV got over 150 paid subscribers during their beta. The team hopes to reach five million users over the next three years, which would result in projected revenues of over $200 million.
They monetise through commissions made from the OTT content providers after getting new customers for them. They employ a subscription model for availing ReTV services. These services could be content curation, dial a channel, cloud storage or advertising.
The ReTV team
ReTV has a 10 member-strong team today. According to Neha, "We hire our employees on the their ability to quickly grasp concepts. Pizza on Friday and nachos on Saturday works well too."
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