Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 26 2018

AltBalaji expects Rs 150 crore revenue in two and a half years

Last year, AltBalaji had a revenue of Rs 7 crore.

AltBalaji expects Rs 150 crore revenue in two and a half years

AltBalaji, Balaji Telefilms-owned over-the-top (OTT) platform, is expecting a revenue of Rs 150 crore in the next two and a half years. The subscription-led platform has 2.3 million active monthly users at present.

Last year, AltBalaji had a revenue of Rs 7 crore. While it made an additional Rs 7 crore in the first three months of this financial year and Rs 14 crore during the September 2018 quarter.

Nachiket Pantvaidya, Balaji Telefilms' Chief Operating Officer and AltBalaji's Chief Executive, said, "We will break-even roughly two and a half years from now against total cost base of Rs 150 crore, which means we have to hit the Rs 150-crore revenue mark in about two and a half years from now and that's where we are geared to." 

"We are doubling our revenues, and nearly doubling our subscribers every quarter. We are not very sure when this kind of pace will go down because doubling every quarter will not be possible, but our outlook is very positive. With the faster growth internet use, telcos are offering internet at unbelievably low rates now and we are likely to see an explosion going ahead," he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2010, Natural Living specialises offers a wide..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Fine Dine Restaurants
    About Us: Being a part of the catering industry for over..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Extra Curriculum Activities
    About Us: The door on the first TechnoKids learning center opened..
    Locations looking for expansion telagana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad telagana
  • Kids & Children Clothing
    About Us: LAXONS BABY WORLD is a complete and exclusive BABY..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities