Data Vantage: Emtek’s Vidio eyes capital, InVideo raises $33.2m and more

Indonesia’s media and tech conglomerate Emtek Group‘s video-on-demand (VOD) platform Vidio has grown rapidly during the COVID-19 pandemic and is now open to securing external funding, a top executive recently told DealStreetAsia.

Backed solely by Emtek, Vidio claims to have grown the number of its active users by 1.5x to approximately 60 million by the end of last year. In Q1 2021, Vidio was the most downloaded app among peers such as WeTV, Viu, iflix (now owned by WeTV) and iQiyi, according to App Annie.

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