Friday, 9 April 2021

Video AI Platform - Toch gives a 2.5x Exit to MA Investors in 2 years

 

Mumbai Angels (MA) Network portfolio company Toch, a video meta-tagging platform co-founded by Vinayak ShrivastavSaket Dandotia and Alok Patil provides 2.5x Exit to MA Investors in less than 2 years 

The company helps online video creators, media companies, advertisers and OTT platforms to succeed in digital video across all platforms through its best in-class insights, achieved by using AI based tagging and Deep Learning. Toch is a go-to solution for multiple platforms helping them monetize content and use meta-data for multiple data collection internally. 

MA Network invested in the company in May 2019 and the exit opportunity has been created in under 2 years at a multiple of over 2.5x with a 65%+ IRR.


Vinayak Shrivatav, Co-Founder Toch “MA Investors has been very supportive throughout our journey and we are happy that we were able to provide a good exit to them. Toch is a video ai platform that automates meta data collection and usage of it in automating media processes. We are very excited about what lies ahead.”




Tushar Lunkad MA Investor, Board Member and Advisor “Toch is building the next generation of automated video automation processes to increase media process efficiency. It is backed by an experienced team and a strong vision. We wish them good luck for their journey ahead."


Nandini Mansinghka, Co-Promoter and CEO, Mumbai Angels Network commented "We are excited at this 65% IRR, 2.5x exit option that Toch has given MA Investors in a short frame of time. We have seen OTT platforms evolving with new age technology where players like Toch have a significant role in helping multiple media platforms monetize their content with the use of AI and Deep Learning. We wish the founders the very best in their journey ahead and at the same time continue to bring revolutionary startups to the MA Platform."


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