Forty three-year-old Uday Reddy is the Founder and CEO of YuppTV, a brand
that has grown to become the world leader in converged Over-the-Top
(OTT) live TV and Catch-up TV Solutions. The company is headquartered in
Atlanta, Georgia. Although his services attract nearly five million
visitors every month with a peak monthly traffic of 20 million, his
journey has certainly not been an easy one.
Born to a farmer in Hanamkonda, a small
town in Telangana, and brought up amidst scarcity of resources, even
Uday wouldn’t have imagined that he would one day walk into the
unventured paths of technology and contribute into bringing global
Indian communities close to their culture and roots. All he wanted to do
was become an IAS officer, and work for his village’s development,
particularly in the fields of healthcare and education. Uday recalls,
“I
had decided to join civil services during my education at Government
Junior College, Hanamkonda. My family supported my decision. I had grown
up knowing the problems of rural India and wanted to solve them. I did
my engineering in Electronics and Telecommunications from the Delhi
College of Engineering with the same intent. I was chosen by Siemens
during campus placements and decided to work for a year before appearing
for the IAS exams. But then, work took over. I couldn’t leave the
telecom field, and my interest in technology grew.”
Uday soon joined Nortel in the year
1995, and his life took off. It was the time of telecom revolution in
India. Wireless networks had just begun. Uday recalls how he was flying
all across the world. He worked in Singapore, Malaysia, and Australia. “I
worked as Director of Sales for Nortel. The next 11 years, I got to
know how the Serbian and Latin American markets work. This was the
golden era of my learning,” he says.
Being an enterprising person, his day
job couldn’t hold Uday for too long. In 2006, he started YuppTV USA
Inc. His idea was new even for the US standards. Uday had seen the
dearth of Indian entertainment content for the Indian expat community
living abroad. Even news was not available to them in their own
language. He wanted to bridge this cultural gap and help them connect
back with their roots. Uday recalls,
“I started my office in a
basement. Broadband technology was not as evolved as today. Smart TV
and smart phones were not as popular. In a way, I started much before
the time was ripe. I didn’t raise capital from the market, and invested
my savings into the idea. All I wanted to do is make live television
viewing available via the Internet. I also wondered why I couldn’t view a
show later on the Internet if I had missed the original telecast. It
was with an intent to find solutions to these problems that I started
YuppTV.”
Uday’s journey was not an easy one.
His company was up against the monopoly of one large corporation which
dominated the market. He had difficulty retaining his customers too.
Soon he ran out of all the capital he had. His ideas were still new, and
often incomprehensible, to many people and hence the market had not
really opened up. In 2010, he sold his plot and took loans from his
friends. This paid off, and soon, YuppTV started building larger
customer base and attracting the Indian diaspora living abroad.
Today, millions of people use YuppTV
services to watch TV in more than 50 counties across the five
continents. With more than five million visitors every month and a peak
monthly traffic of 20 million, YuppTV has been setting records across
the OTT content industry. With a reach to 400 million households across
the world, till date, YuppTV has had over 7.5 million app downloads,
making it the second most popular app in Android Playstore in India
under the Entertainment category. YuppTV is also one of the most
downloaded Smart TV apps. It has also recently won the prestigious ‘Top
100 companies in the world’ award by Red Herring based on innovation,
disruption, and technology for year 2015.
Starting out with just two channels,
today YuppTV offers more than 200 Indian TV channels, over 5,000 movies,
and over 100 TV shows across 13 Indian languages. It presently has over
25,000 hours of entertainment content catalogued in its library, while
nearly 5,000 hours of new on-demand content gets added to the platform
every day. Uday takes great pride in his success story, but believes
that the journey is far from complete. He says,
“It feels good to have
come so far. But I believe that the journey is far from over. I have
struggled a lot to reach here. I have spent 50% of my time away from my
family. We still believe in the startup culture, and do not let our
success make us arrogant. Perseverance is still the key. I had to meet a
TV channel eight times to convince them to join us. Another channel
took more than a year to agree. But once a relationship is established,
it is rock solid.”
YuppTV ensures both accessibility and
affordability in India with packages starting as low as Rs. 5 per day,
and is currently ranked #1 Internet Pay TV platform for Indians living
abroad. Uday believes that the
three key strengths on which a successful company can be built are
market understanding, respect for the potential of new technologies, and
people management. Uday’s message to young entrepreneurs is simple – focus. Only when an
entrepreneur is clear about what he wants, he can go and accomplish it. “Today
technology enables everything. You need not go to the US to run a
business there. An entrepreneur located anywhere in the world can go
global,” Uday says.
When asked whether he is still
pursuing his childhood dreams of becoming an IAS officer and solving
rural problems, Uday says that his dream has only got bigger. Currently
expanding his business in India, he is also working for the people of Veenavanka,
a village located in Telangana. He is using telemedicine to provide
healthcare facilities for free. He is also making education affordable
and accessible through technology. Once his model is successful, he
wants to take the technology across the world and make education and
healthcare accessible to all.
Article Source: http://yourstory.com/2016/01/uday-reddy/
