FLYX, a social network platform for OTT content raised pre-seed funding amounting to $200,000 from High Networth Individuals (HNIs). The funds will be used to accelerate product development and further expand services in India.
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.
“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 entertainment across major streaming platforms in India. Our plan is to enhance our technology, add more streaming platforms and social networking platforms, to provide users a more comprehensive experience,” said Shashank Singh, CEO & co-founder of FLYX.