EIGHT

Immersive audio stories app
PROPOSITION

πŸ”… Eight Network leads in cinematic audio, outperforming Pocket FM & Kuku FM with superior production quality and immersive storytelling

πŸ”… Strong tech & community-enabled iterative playbook in place to build a large inventory of high-quality audio content

πŸ”… Focusing on creating relatable content for a niche audience - 18-34 year-olds in top 15 cities

πŸ”… Eight drives growth by creating original IPs, while its AI-equipped Eight Studio enables high-quality content production

πŸ”… Eight is backed by Venture Highway & Kae Capital

category
IMMERSIVE AUDIO
FOUNDED IN
2021
FuNDED IN
2024
FOUNDERS

Mohit Paliwal

Mohit Goswami

Yugal Tamang

cO-INVESTORS

Venture Highway

Kae Capital

Ramakant Sharma

MISFITS THESIS

The Ear Economy!

πŸ”† Constant screen fatigue has opened a new frontier: the audio content. Audio is a good respite from the fatigue - we don’t need to look at our screens to consume it.

πŸ”† Audio content, unlike visual media, thrives on multitasking. From commutes to chores, audio fills the gaps in our busy lives. This unique ability to coexist with daily activities positions audio platforms for substantial growth.

πŸ”† This eye-free experience means that audio apps generally don’t compete with a vast majority of social, gaming, video first apps. Instead, they are just your companion while you’re busy doing chores.

πŸ”† As our world becomes increasingly visual, #TheEarEconomy emerges as a lucrative and untapped market.

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We aren't in an information age, we are in an entertainment age!

πŸ”† Our attention spans & priorities have tilted more towards experiences that are pleasurable and stimulating rather than informative and educational, creating a massive market opportunity.

πŸ”† The rise of screen fatigue and the demand for eye-free, convenient entertainment make audio a compelling choice for consumers.

πŸ”† By specialising in immersive & cinematic audio content, Eight Network is well-positioned to capitalise on the growing entertainment market.

πŸ”† From seeking knowledge to seeking experience, the world is craving immersive stories and Eight is fulfilling that.

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Eight = Cinematic audio experience + Top IPs + Data driven content

πŸ”† Cinematic Audio Leadership: Eight Network has established itself as a pioneer in cinematic audio experiences, surpassing competitors like Pocket FM & Kuku FM in terms of production quality and immersive storytelling.

πŸ”† IP driven growth: Eight's focus on creating original and engaging IPs through a combination of PGC and PUGC is a key driver of growth. Eight Studio, equipped with AI tools, empowers creators to produce high-quality content.

πŸ”† Data-Driven Content Evolution: Eight Network's deep understanding of user preferences, gained through rigorous data analysis, informs a continuous cycle of content improvement. By closely monitoring user behavior and preferences, the platform ensures that content remains engaging and relevant.

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High probability of building a β‚Ή100 Cr revenue Audio story company

πŸ”† Audio entertainment market, like other profitable markets in India, is NOT a winners take all market. Examples below:-

🎯 Dream 11 is very big in RMG market. But MPL, Zupee, Winzo, Games2Win etc are all also big companies in the same space.

🎯 Zerodha is very big in the brokerage business. But Groww, Angel one, Dhan etc are also making a ton of profits.

πŸ”† Clear precedence of Pocket FM Pocket (~β‚Ή 500 - β‚Ή800 Cr rev) & Kuku FM(~β‚Ή150 - 250 Cr rev) having made large companies despite "not-so-great" content quality.

πŸ”† Quality content with good use of AI based tech tools & a great team, we see high probability of Eight also having a large outcome.