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Exclusive: Mobile emblem CEO invests in offline entertainment app Goldseat

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Good seat, an offline leisure application for tour services, has raised its first spherical of outside funding from an angel investor, a pinnacle govt has stated.

Co-founder Gaurav Kapahi said Gold seat has raised $one hundred sixty,000 (around Rs 1 crore) within the seed round of funding.
He did no longer disclose the call of the angel investor for confidentiality motives, however, stated that the character is the lead executive officer of a major cellular brand in the united states and a thought chief within the telecom area.

Operated with the aid of Ikegami Pvt. Ltd, Gold seat will use the cash for innovation, operational sports, crew expansion, and for spreading to greater areas.

Kapahi and Nishchal Khetarpal had based the Delhi-headquartered agency in 2016.

Gold seat presents certified HD content material which runs without information price and connectivity. Kapahi got here up with the idea after a stupid domestic flight in which the in-flight leisure became now not working.

A Gold seat tool must be installed inside the bus, train or airplane, and then the person has to connect with Gold seats WiFi service and theImage result for Exclusive: Mobile brand CEO invests in offline entertainment app Goldseatn download the cellular app to movement content material.

The WiFi is a multi-band network enabled with a generation which filters the form of content that can be accessed through it.

The agency has to date partnered with 15 operators and has tie-with Phantom Films and Anil Ambani-owned Reliance Entertainment for content material.

The device has so far been mounted in more than 250 buses.

 

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Kapahi heads income and strategy in GoldSeat, in conjunction with the general operations. He formerly worked as advertising head for media and life sciences at HCL Technologies.

Co-founder Khetarpal formerly led digital advertising at HCL Technologies.

Digital enjoyment platforms, in general, had been attracting investor interest of overdue.

In January, video-based enjoyment platform Spoofin raised an undisclosed quantity from Mumbai Angels Network.

In the identical month, Chennai-based online video software service issuer Hippo Video, which is run by means of Lyceum Technologies Pvt. Ltd raised an undisclosed quantity in a pre-Series A spherical of funding from early-level investor Kae Capital.

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