From Concept to IPO: Tracing ULLU's Journey with Its Producers

Who is the Producer & Owner of the ULLU webseries?

| Producer & Owner of ULLU is Vibhu Agarwal |

Ullu App is an Indian on-demand streaming platform, owned and maintained by Vibhu Agarwal.

Image of Vibhu Agarwal ceo of Ullu Digital Private Limited | Image source : Linkedin

Who is Vibhu Agarwal 

With more than 30 years of having successfully started & consolidated a well-diversified portfolio of profitably robust & prosperous businesses, Vibhu Agarwal has aimed & delivered excellence in every business vertical he has ventured into.

Starting with Founder & Director of Jaypeeco India Pvt. Ltd. since 1995, Director at Himalaya Fibretech Cement Pvt Ltd. since 2006, Chairman of the Board at Shri Jayprakash Charitable Trust for since 2010, Managing Director of Business News Link since 2012, Chairman of the Board at Jaypee Convent Schools since 2012 and now the Founder & CEO of Ullu App for 3 dynamic years.

Logo Image of ULLU

ULLU APP is Vibhu Agarwal most unflinching leap into the Digital OTT landscape. Being a purely Indian on-demand video streaming app, Ullu App boasts 600 hours plus of exhaustive multi-genre programming of Original content, in a span of just 3 years. ULLU 2.0 is the group’s latest ultra-high-tech version which has a ‘censor’ filter. ULLU Gold will showcase movies/web series starring high-profile actors & directors, while ULLU Silver will focus on low subscription spends and upcoming ‘RENT-A-MOVIE’ feature has a pay-per-click-per-view AVOD model.

JAYPEECO INDIA PVT. LTD. founded in the year 1995 by Vibhu Agarwal, set its foundation to fill the increasing demand for steel TMT bars in the private, public, and government sectors.

JAYPEE CONVENT SCHOOLS, founded in Lucknow is aimed at empowering the youth in Uttar Pradesh through superlative education & state of the art infrastructure.

SHRI JAYPRAKASH CHARITABLE TRUSTS is committed to helping out the underprivileged and deprived sections of the society through free but top-class quality education and financial aids to numerous beneficent NGOs and old age homes.

BUSINESS LINK is a classy & highly captivating Online News Broadcasting portal to bring the fastest & best of national & global news & developments in the fields of Politics with a focus on Hindi heartland, Economic Affairs, Lifestyle, Business, Entertainment & Sports.

Recently, ULLU MUSIC is launched with a vision to focus on giving a stage to both acclaimed & talented budding singers, songwriters and musicians. While ULLU PODCAST is a subscription-based audio story streaming platform.

Forthcoming additions include ULLU E-COMMERCE & ULLU MERCHANDISE which will have everything from fashion to accessories under its label. And adding to the expansion queue is ULLU TELECOM that will enable people to connect across the globe at unbelievably remarkably low prices.

#latestupdate 

Ullu, the OTT Platform, Takes Steps Toward IPO with the Filing of DRHP

Ullu, the homegrown OTT sensation, is gearing up to hit the public stage with an IPO! They've just filed the DRHP with the BSE SME, and it's got everyone buzzing.

Picture this: Ullu is eyeing to raise a cool Rs 135-150 crore in the IPO, and word on the street is that this could value the company at a staggering Rs 500-570 crore or $60-70 million. That's not pocket change!

What's even more interesting is that Ullu is going all-in with a fresh issue of up to 62,62,800 equity shares – no offer for sale (OFS) component here. Narnolia Financial Services Ltd and Skyline Financial Services Ltd are taking the lead as the book-running managers. It's a star-studded lineup, folks!

Now, let's talk about the grand plans for the IPO funds. Ullu's set to use the cash for a blockbuster move – producing new content, snagging international shows, grabbing top-notch equipment, expanding the dream team, and taking care of all those day-to-day business needs. Lights, camera, action!

As we peek into the DRHP, we find that Vibhu Agarwal, the founder of Ullu, holds a whopping 61.75% of the shares, while Megha Aggarwal isn't far behind with 33.25%. Zenith Multi Trading DMCC also has a 5% stake in this entertainment extravaganza.

Now, here's a little teaser about Ullu's performance – for the half-year ending September 2023, they raked in a massive Rs 58.33 crore in revenue, with a sweet profit of Rs 12.28 crore. Talk about box office success!

Ullu is not just a streaming platform; it's a membership-led experience that delivers web series, movies, and more. With a subscriber count of 20,92,975 as of September 2023, Ullu is clearly a fan favorite. Although, we can't ignore the plot twist – there's been a 24% drop in subscribers since March 2023. Drama, suspense, and intrigue!

But wait, there's more! Ullu's revenue from operations in FY23 skyrocketed to Rs 93.1 crore, doubling its FY22 figures. And the profits? Well, they're stealing the show, jumping 3.87X to Rs 15.1 crore in FY23.

Ullu has officially joined the tech A-list, lining up with ixigo, Unicommerce, Ola Electric, Awfis, and FirstCry, all prepping for their blockbuster public listings. The curtain is about to rise on a new chapter for Ullu – stay tuned for the grand premiere!