Planet Marathi OTT raises $5M from A & MA Capital USA
The transaction marks one of the largest investments in the regional Indian entertainment sector to date.
Marathi language video-streaming platform Planet Marathi OTT has raised $5 million in funding from A & MA Capital USA, a US-based private equity firm.
This transaction marks one of the largest investments in the regional Indian entertainment sector to date, the company said in a statement. It expects this initial investment to increase over the next two quarters.
The platform has also partnered with media-tech company Dcafe to further strengthen its technological capabilities.
Planet Marathi OTT, which provides an exclusive platform for Marathi industry talent and stories globally, plans to leverage the investment to strengthen its content library and technological infrastructure.
“We are committed to growing the Indian regional entertainment space, and with this significant investment, we are prepared to bolster our offerings and content slate. As a company, we stay dedicated to bringing the best quality entertainment on OTT, and with our new partners, we will take this dedication to newer heights,” said Akshay Bardapurkar, Founder of Planet Marathi OTT.
The company, founded three years ago, claims to house the largest and most esteemed library of Marathi content on OTT platforms and offers content in various genres, including comedy, romance, politics, family drama, thriller, crime, and satire. Some of its well-known content include Goshta Eka Paithanichi and Raanbaazaar.
Edited by Suman Singh