MX Player is a video app that offers both local video playback and streaming services, including movies, shows, roughly 200 TV channels and a music feature via Gaana integration. The service is ad-supported with no monthly subscription fee (a premium ad-free app is available for $5) and reports 175 million monthly active users in India and more than 280 million users globally. MX Player began streaming content in mid-2018, has added 15 original shows to date and has commissioned another 20 originals to be completed by year-end as it broadens licensed content. The company employs about 300 people and maintains a large team focused on improving playback technology and the overall user experience. MX Player is beta-testing its streaming service in the U.S., Canada, Australia and New Zealand and plans to produce originals relevant to those local markets. Revenue today is primarily ad-driven, and Times Internet has said the service will expand monetization beyond pure advertising at some point in the future.

Total raised

$111M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2019