SillyMonks is a multi-channel network turning in a hundred million perspectives a month through 650 channels on video-sharing internet site, YouTube.
Hyderabad: virtual and leisure media start-up SillyMonks raised Rs.three crore from a excessive net–well worth individual as it plans to launch six internet series properties and consolidate its marketplace role.
SillyMonks, owned through SillyMonks enjoyment Pvt Ltd, is a multi-channel network (MCN) turning in 100million views a month through 650 channels on video-sharing website, YouTube.
The Hyderabad-primarily based business enterprise is a YouTube MCN accomplice and has cumulativefollowers of sixteen million throughout diverse social media structures. aside from creating authenticcontent material, the agency is likewise engaged in virtual advertising and designing cellular apps andweb sites.
The trendy round became led through Sreenivasa Reddy Musani, chairman and dealing with director of Ektha organization, which has interests in records generation answers and actual estate.
based via Sanjay Reddy and Anil Pallala in September 2013, silly priests earlier raised “nominal” angelinvestment from movie manufacturer Korrapati Ranganatha Sai, who produced movies along with S.S. Rajamouli’s Eega (Makkhi in Hindi).
cash raised from the contemporary round might be used to deliver “new digitally immersive on-linereports” to a exceptionally linked purchaser base, create innovative original content and maximize go back on funding for its customers, Sanjay Reddy, co-founder and handling director of SillyMonks said in adeclaration.
lower back on the achievement of Muddapappu Avakai, the first Telugu net series, SillyMonks will quicklyrelease six web series properties on its YouTube channel, stupid Tube.
“we’re searching at adding compelling content and alternatives to brands and businesses keen to connect with the important and growing virtual demographics, within the on line and televisionmarketplace area with a worthwhile mixture of era and content,” Sanjay Reddy stated.
SillyMonks is engaged in movie advertising, song band production, on line logo advertising for small and medium industries and movie production homes. It competes with the likes of Whacked Out Media Pvt. Ltd, which creates and distributes original content material, manages social media profiles of celebrities, promotes films and is likewise a MCN accomplice of YouTube.
SillyMonks made revenues of Rs.4.seventy five crore in the course of the 2015-sixteen monetary 12 months and is watching for 50% growth within the modern financial, in line with the organisation.
except growing virtual homes, the corporation has co-produced Telugu movies along with Oohalu Gusagusalade, Dikkulu Choodaku Ramayya, Tungabhadra and Raja Cheyyi Vesthe collectively with its angel investor. The business enterprise also owns Monkstar tune, a platform for independent artists. SillyMonks is found in South India, Mumbai and l. a..