- Companies
- Hotstar
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Aug 2018 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2019 | Undisclosed stage | Disney 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 2018 | Undisclosed stage | Disney Star (lead) | $74M | $198M | Hotstar, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Hotstar investors. Start Free Trial | ||||
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Start Free TrialHotstar Competitors
Hotstar competitors include listed companies like Wowow and WildBrain, and private ones like Bolo.me, Longzhu TV, Spatial and Tune.FM.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $200M | - | ||
| Private | - | - | $200M | - | ||
| Private | $8M | - | $200M | 25.0x | ||
| Private | - | - | $200M | - | ||
| Publicly listed | $496M | $32M | $183M | 0.0x | ||
| Publicly listed | $375M | $26M | $245M | 1.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $615M | $17M | 0.2x | 0.2x | 8.2x | 8.0x | |||
| $496M | $32M | 0.0x | 0.0x | 0.5x | - | |||
| $72M | $7M | 2.3x | 2.1x | 22.3x | 9.4x | |||
| $764M | $72M | - | - | - | - | |||
| $131M | $2M | 1.3x | - | 82.0x | - | |||
| $375M | $26M | 0.5x | 1.0x | 7.7x | 8.4x | |||
| $569M | ($5M) | - | - | - | - | |||
| $407M | $45M | 0.7x | 0.7x | 5.9x | 4.7x | |||
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. |
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