Premium startup investment platform for early-stage venture investments, Mumbai Angels Network portfolio company Toch, a video meta-tagging platform has provided a 2.5x exit to Mumbai Angels Network’s investors.
Founded by VinayakShrivastav, SaketDandotia, and Alok Patil, Toch helps online video creators, media companies, advertisers, and OTT platforms to succeed in digital video across platforms through its best-in-class insights by leveraging AI-based tagging and Deep Learning. A go-to solution for multiple online video content platforms, Toch helps them monetize the content and use meta-data for internal data collection. Mumbai Angels Network had invested in Toch in 2019 and the exit opportunity has been created within 2 years at a multiple of over 2.5x with a 65%+ IRR (Internal Rate of Return).
Speaking on the exit, Ms. Nandini Mansinghka, Co-Promoter, and CEO of Mumbai Angels Network said, “We are delighted to see the 65% IRR and the 2.5x exit option that Toch has given the Mumbai Angels investors in a short period. We have seen the evolution of OTT platforms with new-age technology where emerging players like Toch have a significant role in helping multiple media platforms monetize their content by harnessing the power of AI and Deep Learning. We wish the Toch team the very best in their journey ahead and we look forward to continuing bringing such revolutionary startups to the Mumbai Angels Network.”
Adding to this, Mr. TusharLunkad, Mumbai Angels Investor, Board Member, and Advisor said, “Toch is building the next generation of cutting-edge video automation processes to increase efficiency. Backed by an experienced team with a strong vision, Toch has become a game-changer in applying AI and Deep Learning in the media and entertainment industry. We wish them good luck in their future endeavors.”
Expressing his delight, Mr. Vinayak Shrivastav, Co-Founder and CEO of Toch said, “Mumbai Angels investors have been exceptionally supportive throughout our journey and we are thrilled to be able to provide them with a good exit. Toch has always been focused on building robust services using novel technologies. We look forward to continuing our work and becoming the global leader in the industry a few years down the line.”