Project Apex | Cloud Platform Empowering Broadcasters to Create, Distribute & Monetize Global TV Channels
Project Apex | Company Overview
Business Overview Marquee Clientele Key Stats
• Founded in 2008 by 3 founders with headquartered in Bangalore, India
• Global leader (>50% market share) in SaaS technology providing end-to-end cloud-managed live
5,000+ 150+
Channel Deliveries Platforms
and on-demand video infrastructure for TV and OTT
• Designs tech which enabled TV networks and content owners to launch, manage, distribute and
monetize live, linear, and on-demand channels across cable, OTT & Free-Ad supported Streaming
(FAST) platforms worldwide 150+ 200m+
• 3 monetization models – Software-as-a-Service (SaaS), Bring your own license (Transferring existing Countries CTV Households
software licenses from on-premise to cloud), and a Fully Managed Service
• India’s Largest SaaS company to be listed, with 90%+ of revenues coming from the US and strong
70%+ gross margin
50b+ 270+
Ad Avails Active Customers
Key Financials Shareholding
USD Mn FY23 FY24 FY25E FY26E FY27E FY28E
Others, 18.4%
Founders,
13.6%
800+ 5
FTEs Granted Patents
Op.
80 103 137 170 207 253
Revenue
Investor 5,
Investor 1, Valuation
8.6%
YoY % - 29% 33% 24% 22% 22% 17.8%
Adj EBITDA -17 -18 3 10 28 52
Investor 4,
12.7%
$ 1,400 Mn
Last Round Post – Money Valuation
Investor 2, (Nov’22)
16.0%
Adj EBITDA% -21% -17% 2% 6% 14% 21% Investor 3,
12.9%