Mumbai, May 17 (GCBusiness) Mumbai based media startup incubator, Mehub kickstarted 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.
Talking about the inception, Nidhish Mehrotra, Co-Founder, MEHUB said, ‘Media & Entertainment industry in around Rs 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 start ups to success’.
Apart from providing infrastructure, consulting and funding, the start-up will lay equal stress on learning and development. It will make relevant workshops available to the roster companies to participate and draw up, according to a statement here on Friday.