[Funding alert] Social network platform FLYX raises $200K in pre-seed funding
Delhi and New York-based FLYX, a first-of-its-kind social network platform for OTT content, announced that it has raised pre-seed funding amounting to $200,000 led by HNIs, including Raj Mishra, Chairman and Founder, AIT Global Inc. The company will use the funds to accelerate product development and further expand services in India. Founded by seasoned technologists Shashank Singh and Mayank Mishra, FLYX is a streaming social network that helps users find recommended content to watch, on the back of a unique algorithm that aggregates reviews from friends, family, and contacts across all major streaming platforms. The company said its platform lets users cross-post on other social media platforms, including Instagram and Snapchat. The core principal of FLYX is to reduce time in decision-making and find positive reviews from the people they trust most with their personal taste.