Hotstar Valuation, Funding & Investors

Hotstar is valued at $198M as of August 2018.

Last Hotstar valuation

$198M

Undisclosed stage · Aug 2018

Last Hotstar funding round

$153M

Undisclosed stage · Mar 2019

Cumulative funding Hotstar raised

$227M

across 2 funding rounds

Key investors in Hotstar

  • Disney Star

Hotstar Overview

About Hotstar

Hotstar is an Indian video streaming service offering movies, TV shows, live sports, and originals in multiple languages. Its catalog includes Bollywood films, Disney content, HBO series, and cricket matches from IPL and ICC events. Mumbai-headquartered as a Disney subsidiary since 2019, Hotstar reaches 500 million users across India and Southeast Asia. The platform streams in Hindi, Tamil, Telugu, and English with offline download capabilities. Launched in 2015 by Star India, it holds exclusive rights to major sports leagues.


Founded

2000

HQ

IndiaMumbai

Status

Privately held

Customer focus

B2C

Revenue model

Subscription, Advertising

Valuation

$198M (Aug 2018)

Hotstar Valuation

Hotstar is currently valued at $198M, based on its undisclosed-stage round in August 2018.

The $74M round was led by Disney Star.

Hotstar valuation by funding round

Hotstar valuation by funding round
DateStageValuation
Aug 2018Undisclosed stage$198M

Hotstar Funding History

Hotstar has raised a total of $227M across 2 funding rounds.

Hotstar's first fundraising round was a $74M undisclosed-stage round in August 2018. The most recent completed round was a $153M undisclosed-stage round in March 2019.

Hotstar funding rounds

Hotstar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2019Undisclosed stageDisney Star (lead)$153M-Hotstar was integrated into Disney's portfolio post-acquisition, becoming Disney+ Hotstar. Recent valuations from 2023-2024 highlight declines: BDO valued Star India's digital business (Disney+ Hotstar) at INR 16,040 Cr (revenue multiple 3.81x on INR 4,210.6 Cr TTM digital revenue as of Dec 2023) and overall Star India at INR 25,900.2 Cr equity value. The 2024 Reliance-Disney media merger valued the joint venture at $8.5B, with Disney holding ~37%.
Aug 2018Undisclosed stageDisney Star (lead)$74M$198MHotstar, an online video streaming service owned by Novi Digital Entertainment, raised Rs 5.16 billion from Star US Holdings on July 24, 2018, at a valuation of Rs 18.49 billion (around $270 million). The funding infusion aimed to bolster competition against global players like Netflix and Amazon Prime Video in India's OTT market. This investment preceded broader Disney-Star integrations, as Disney acquired 21st Century Fox (Star India's parent) in 2018 for $71 billion, valuing Star India at around $15 billion at that time. Hotstar later became integral to Disney's India streaming strategy via Disney+ Hotstar.

Who has invested in Hotstar?

1 investor has backed Hotstar across its funding rounds, including Disney Star.

Lead investors include Disney Star.


Hotstar Investors

Investors in Hotstar by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Hotstar investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Hotstar Competitors

Hotstar competitors include listed companies like Wowow and WildBrain, and private ones like Bolo.me, Longzhu TV, Spatial and Tune.FM.

Public and private companies comparable to Hotstar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bolo.meChinaShanghaiPrivate--$200M-
Longzhu TVChinaShanghaiPrivate--$200M-
SpatialUnited StatesNew York City, NYPrivate$8M-$200M25.0x
Tune.FMUnited StatesPhiladelphia, PAPrivate--$200M-
WowowJapanJapanPublicly listed$496M$32M$183M0.0x
WildBrainCanadaCanadaPublicly listed$375M$26M$245M1.0x

Hotstar Public Comps

Hotstar is still privately-owned, but its public comps include Deezer, Wowow, CuriosityStream, Inkeverse Group, Media Matrix Worldwide, WildBrain, DouYu, Television Broadcasts, Sky Network Television and Huanxi Media Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Deezer$615M$17M0.2x0.2x8.2x8.0x
Wowow$496M$32M0.0x0.0x0.5x-
CuriosityStream$72M$7M2.3x2.1x22.3x9.4x
Inkeverse Group$764M$72M----
Media Matrix Worldwide$131M$2M1.3x-82.0x-
WildBrain$375M$26M0.5x1.0x7.7x8.4x
DouYu$569M($5M)----
Television Broadcasts$407M$45M0.7x0.7x5.9x4.7x

This data is available for Pro users. Sign up to see all Hotstar competitors and their valuation data.

Start Free Trial

Common questions about Hotstar

When was Hotstar founded?Hotstar was founded in 2000.
Where is Hotstar headquartered?Hotstar is headquartered in Mumbai, India.
Is Hotstar publicly listed?No, Hotstar is a private, VC-backed company.
What is Hotstar's valuation?Hotstar was last valued at $198M in its undisclosed-stage round in August 2018.
How much funding has Hotstar raised?Hotstar has raised $227M across 2 funding rounds.
What was Hotstar's last funding round?Hotstar's last funding round was a $153M undisclosed-stage round in March 2019, led by Disney Star.
Who are Hotstar's investors?Hotstar's investors include Disney Star.
Which companies are comparable to Hotstar?Companies comparable to Hotstar include Bolo.me, Longzhu TV, Spatial, Tune.FM, Wowow and WildBrain.

See companies similar to Hotstar

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial