Frenzi raises seed round from SucSEED Indovation Fund

frenzi funding

Frenzi, a streaming social app, announced that it has raised an early-stage investment from SucSEED Indovation Fund as part of its seed round. 

Vikrant Varshney, Co-founder and Managing Partner, SucSEED Indovation Fund, said, “The OTT space is exploding and is becoming the first choice to access content around the world. The industry is expected to grow at a CAGR of 28.6 percent. With media networks, content creator tools, and creator networks joining hands and becoming a part of one universe, we are creating a content explosion, and hence, the selection of content from diverse yet merging sources would be key. The total size of the creator economy is estimated to be more than $100 billion.

“Frenzi enables these viewers to have greater control over the content selection from their community and preferences. Our investment will further help to grow the community base and develop the technology, which shall enhance the overall viewing experiences,” Vikrant added. 

Founded in July 2020 by Balkrishna Singh and Harvinderjit Singh Bhatia, Frenzi serves as the gateway to the OTT world. The startup offers a mix of recommendations based on one’s social circles and combined with tech capabilities built on an AI/ML foundation. Frenzi has already mapped more than five lakh movies and series across over 60 platforms. 

Speaking about the funding, Balkrishna Hari Singh, Founder and CEO, Frenzi, said, “Frenzi is the need of the hour in the growing streaming ecosystem. Consumers are looking for a better way to discover and manage their content at affordable prices. Frenzi brings in ease of discovery, reliability of community, and a reward platform that makes multiple subscriptions affordable.

He added, “Our initial journey has been encouraging, and we are now at an inflection point of growth. SucSEED joining hands with us is a validation of the project and a shot in the arm for the team and their efforts. Our initial success and learnings leave us well-placed to deploy capital to enhance our product and teams for the next level of growth.”

Frenzi seems to be an interesting streaming platform with innovative features. I’m sure the company will reach new heights of success in the time to come. My best wishes to the team of Frenzi.

Shishir Gupta, Founder and CEO, StartupLanes

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