Ishaan Sutaria, the C0-founder of WAVE.tv, built his own television empire in less than two years. WAVE.tv is a digital platform that brings all other channels and networks together to broadcast their production. The platform enables all its views to get access to all the sports channels. Wave. tv has been making it to the headlines for its excellent business strategies that included multiplying its funds by carefully investing them into Wall Street. Wave. tv has closed on a $32 million funding round that will help it expand its programming to more sports fans and add more employees.
CoVenture and GPS Investment Partners led the Series A funding spherical, with encouragement from existing investors, including Golden Ventures and Sweet Capital. The financing, consisting of new equity and debt, estimates the company, incorporated as Bullpen Sports Network Inc. At between $50 million and $100 million, Wavetv co-founder and President Ishaan Sutaria said in one of his interviews that the company had raised $38.8 million since it launched in 2017.
All the Successful Businesses Have One Thing In Common, Says Ishaan Sutaria
Previous investments involved various seed rounds totaling $6.8 million. Begin a young entrepreneur Ishaan has been very open with the digits of his company.
The boy hasn’t leaned the games of the Wall Street but soon will. He mentioned in his interview that when he was a student. He used to struggle a lot to watch a single social game. Ishaan mentioned his struggle to watch a game made him what he is today. On being asked how he managed to build an empire in just less than two years. To which he replied that he has been working on his analytics still single he was 15 years old. He said he used to observe successful businesses, and from observing them, he learned that they pay very close attention to trends and choices of people. He said all the successful businesses had one thing in common: they identified the demand of their customers.
And WAVE.tv just identified the demand of the commodity which didn’t already exist in the market. He said, for instance, someone wants to watch an ice hockey match. So, they have to buy a subscription to Star Sports or some other channel that will broadcast the match. But then the same channel will not broadcast the match of golf. So, to solve this problem, we introduce WAVE.tv. Views can broadcast any sports channel anytime and anywhere through the platform. Ishaan also said he has been working on this project for years. He knew he wanted to build something like this when he first took an analyst job.
In 2017 WAVE.tv had 800 Million views monthly and up to 50 million monthly engagements. Ishaan said he was surprised to see the response as he never imagined that their first project would be so successful.
Role Of Social Media In Growth Of A Business
Wave. tv uses 65 sports leagues and organizations to program 18 themed media brands, or “fandoms,” across platforms such as Facebook, Instagram, Snapchat, and TikTok. It practices in posting short bits of under three minutes. Wave. tv announced it has increased viewership and increased its monthly revenue since March, partly by concentrating on non-mainstream sports such as extreme sports, weight lifting, and esports, as well as off-the-field videos highlighting athletes and fans.
In 2018 the platform started broadcasting Colleg Play-Off, and Ishaan said it was the next level feeling. He said it felt like he was in college again. He said people who were not able to watch the match because of the platform. It increased 3.7 Million views and was becoming the second most viewed property of WAVE.tv.
Ishaan Sutaria’s Net Worth
He said we were finally trending, and nothing can match that feeling. He said currently, they are streaming 100 channels, and this will increase with time. Ishaan mentioned that if the platform can manage to have more than 3 million viewers in just 100, channels then what will be the number if we manage to have each channel on the platform.
Ishaan Sutaria’s net worth is $2.6 Million, and it keeps on increasing. WAVE.tv is an upcoming platform and has managed to generate a revenue of $50 Million in just two years.