Bangladesh’s largest video streaming service is increasing, worthwhile and open for buyout talks
Thousands of miles away from the U.S., the place know-how giants, cable networks, and studios are locked in an intense multi-billion greenback battle to court docket customers to their video streaming providers, a startup in Bangladesh has already received the native video streaming market.
And it did all of this in six years with simply $10 million. And it’s additionally worthwhile.
Ahad Mohammad began Bongo in 2013. The on-demand video service started life as a channel on YouTube in 2014 earlier than increasing as a standalone app to customers a yr later.
Of the 96 million folks in Bangladesh who’re on-line as we speak, 75 million of them are subscribed to both Bongo’s YouTube channel or to its app, Mohammed mentioned.
Bongo’s domination in Bangladesh is second to none within the nation. iFlix, which raised $50 million just a few months in the past to develop its presence in a number of Asian markets, and India’s Zee5 are among the many gamers that Bongo competes with, although their market share stays tiny compared.
TechCrunch caught up with Mohammed to get an perception into the early days of constructing Bongo and what holds subsequent for the “Netflix of Bangladesh” because it more and more expands to worldwide markets.
