Playtoome, a live entertainment destination which enables fans to interactively experience concerts and performances from their favorite artists, has raised Rs. 2 crores from Venture Catalysts.

The Pre-Series A investment saw participation from VCats angels including, Arihant Patni, serial entrepreneur Bhaskar Raju Konduru, Founding member of Red Bus & current CTO at Housejoy, Goverdhan Singh Jamwal, Chairman Kunwar Viyogi Memorial Trust, philanthropist and art and culture activist, Akhileshwaran Krishnan-Group CFO at Apollo Hospitals.

“The online live entertainment domain in India is growing at a rapid pace and will be a multimillion dollar opportunity in the near future. With a robust technological framework to support its operations, Playtoome is well-poised to capitalize on this emergent market sector. We are confident that the extensive domain-specific expertise of Playtoome’s founding team will help in driving aggressive growth for the venture and establishing it as a leading industry player,” said Dr. Apoorv Ranjan Sharma, Co-Founder & President – Venture Catalysts.

Founded in 2016 by S. Keerthivasan and Rahul Jain, Playtoome allows users to connect with their favorite stars and watch them perform LIVE using a mobile phone, a computer, a tablet, or a Smart TV. Furthermore, it allows them to chat and interact directly with their favorite artistes and musicians in real-time.

Playtoome has already brought on board over three thousand and five hundred artists and has a customer base of more than over fifty thousand ardent fans growing everyday. The platform has already hosted close to two hundred shows.

“The investment from Venture Catalysts gives a big boost to that vision. This association provides us with the capital infusion necessary to scale our operations to one hundred shows a month, and also unlocks access to key mentorship and networking opportunities critical to the growth of any emerging start-up,” said founder and CEO Playtoome.com, S Keerthivasan.

The Bangalore-based startup had previously raised Rs. 1.5 crores from an Angel Investment firm Newport Holdings LLP, founded by Rangarajan Narayanan (Co- Founder EXILANT Technologies) and from HNIs including Ex Global commodity financial services leader Ramesh Sundaresan at OLAM international, and Deb Dasgupta, Global Alliance Director at Red Hat New York.

 

Abhishek is a startup ninja who has spent his time meeting entrepreneurs and helping them tell their stories efficiently. You can find him biking around in his past time. Based out of New Delhi, he is a geek at heart, gadgets are his toys and internet technology is what keeps him going. Email: abhishek@biztechpost.com