“The Union Budget 2021-2022's revised fiscal deficit estimate for FY21 which is pegged at 9.5% of GDP seems promising, and has taken on a realistic approach that is focused on spends which are much needed to revive the economy. The tax holiday given to startups for an additional one year brings relief to enabling the sector to sustain and grow, as we recover from the pandemic. Furthermore, the move to encourage one-person companies without any restrictions is a step in the right direction. This will go a long way in encouraging more people to come forward to set up innovative businesses that solve the challenge of the day, and grow the high-potential startup ecosystem within the country.”
About Pocket Aces:
With a mission to solve boredom for the 500+ million young Indians online, Pocket Aces is India's leading digital entertainment company focused on mobile video.
Pocket Aces is an original content creator and publisher, with huge distribution power. The company operates India’s largest socially distributed content network which includes five diverse brands: FilterCopy (short fiction), Dice Media (multi-episode web series), Gobble (lifestyle), Jambo (young-adult animation), and Nutshell (infotainment). Pocket Aces also operates Clout, India’s leading influencer management practice, as well as Loco, India’s largest homegrown game streaming, and esports app.
The company's socially distributed video network has amassed >13 billion video views with a current run rate of over 500 Million monthly views. Loco is one of the fastest-growing apps in the country today with more than 24 million registered users with active users spending over 30 minutes daily on the app. Clout manages more than 60 actors and creators exclusively. The company has a team of over 200 people across Mumbai, Bengaluru, and Delhi.
Pocket Aces works extensively with large advertisers including PepsiCo, HUL, P&G, Unacademy, AMFI, Modelez, Flipkart, etc. who utilize its content and distribution strength to achieve their marketing goals. The company creates original content on OTT platforms such as Netflix, Amazon, MXPlayer, etc. and licenses its content across mediums such as TV, in-flight entertainment, and international platforms. Pocket Aces has won more than 50 awards for its work across various categories. Major investors in Pocket Aces include Sequoia Capital, 3one4 Capital, DSP Group, North Base Media, and the co-founders of India's largest IT services firm, Infosys.