MEHUB Kick-starts Operations in Mumbai Signing up with Angel Investors
MEHUB is
the first start-up incubator in Bollywood (Hindi film industry), with a global
vision
Mumbai: -
Mumbai based media startup incubator, MEHUB kick-starts its operations by collaborating
with Venture Catalysts, India’s leading
early stage Angel Investor network for startups. The collaboration is aimed to bring
investment and growth expertise for the potential portfolio companies that the
pioneering incubator MEHUB will take under its wings. The deal comes close on
the heels of MEHUB setting up its robust infrastructure at the nerve centre of
the entertainment industry in Mumbai. As part of this announcement, it is also joining
hands with JPIN, which runs a Media & Entertainment Tech Venture Capital
Fund and an investment platform in London, UK and is building the largest Euro-Asia
investment and growth corridor with Venture Catalysts to help startups grow and
scale internationally.
MEHUB is a start-up incubation outfit which
will identify and reach out to start ups operating in the space of technology
driven Media & Entertainment & Edutech and offer them an environment
conducive to growth comprising infrastructure, professional consulting, finance
and business opportunities aligned to guaranteed expansion. In the very year of
its inception, MEHUB targets to identify and incubate 20 startups within the
identified space. Once success stories come to fruition, the company will scale
up its operations to take on a fresh batch of start-ups under its wings.
The company boasts of sound infrastructure
and forging gainful associations with professionals within the industry and
across spectrum which the identified start-ups can leverage to their advantage.
The company is also on its way to construct an advisory board with celebrated
names from the industry who would add immense value to MEHUB mentored
companies. Apart from a direct inroad to Venture Catalyst, MEHUB will also make
various funding options available to its roster of companies through the core
team’s pre-existing network of long term relationships within the finance
sector and investor community.
Talking about the inception, Nidhish Mehrotra, Co-Founder, MEHUB
said, “ Media & Entertainment industry in around INR 95 thousand
crore & with so many platforms entering into the Indian market like
Netflix, Amazon, Jio, Hotstar etc, there will be a level playing field for
content creators, producers, & technology driven companies like VFX,
Virtual Reality etc. We are poised to witness a content boom, yet there are no
players in the market which is ready to cater to this unprecedented surge of
demand. We have done a prolonged market research to understand this need gap hence
MEHUB is born. The founders come from a diverse background and will be further
padded up by an advisory board of stalwarts, so we are well placed to lead the
identified star-tups to success”.
Adding to Nidhish’s statement, Varun Mathur, Co-Founder, MEHUB,
stated, “While we are experiencing content boom on various platforms there is a
dearth of steady supply. This is one industry where entrepreneurship comes very
naturally; the nature of the industry is such. I wanted to harness this force
and marry it with the market dynamics. MEHUB is a well researched venture where
we are committed to not only grow businesses but raise budding entrepreneurs.
Talent is a word used to describe the creative workforce in the industry but we
at MEHUB believe that the indigenous outfits and entrepreneurs scattered
throughout the industry can add immense value and expand the industry at
multiple levels.
Nayan
Gala - Co-founder JPIN & Managing Partner, Venture Catalysts, London said, “The
entertainment industry needs a centralized ecosystem considering the higher
number of variables present in it as compared to other segments. Being
determined by qualitative variables rather than quantitative ones,
entrepreneurs in this category need more mentoring and handholding than others.
Through MEHUB’s dedicated efforts and our strong global network, we are ready
to facilitate the portfolio companies and high-potential entrepreneurs to make
India a desired destination for entertainment focused businesses.
Anuj Golecha -
Co-founder, Venture Catalysts said, “India has a thriving entertainment
industry and probably the largest consumer market. The steady rise of OTT
platforms, web-based content driven by smartphone consumption, falling data
costs have come together to make entertainment one of the most lucrative
avenues at the moment. Through our infrastructure and MEHUB’s expertise and
insights on industry specific operations, the association has set the ball
rolling on the holistic enablement of enterprises in these domain,
Apart from providing
infrastructure, consulting and funding, MEHUB will lay equal stress on learning
and development. It will make relevant workshops available to the roster
companies to participate and draw up. The state – of- the-art workshops by
stalwarts from the industry puts MEHUB in a frontrunner position within the
space as these quality workshops and master classes are designed to resolve
business issues and assure growth.
Comments
Post a Comment