"The company is at a point where we are maturing our technology, and will be able to scale up, we also have the content we believe will be popular with the segment we're targeting. In India, with OTT growing so quickly, streaming getting much better, the growing and expanding smart TV market, we believe this is the right time to enter the market," said George Chung, CEO at Jungo+.
The platform is going to be free for viewers as it is supported by programmatic or dynamic advertising. Programmatic advertising is a system that automates the processes and transactions involved with purchasing and dynamically placing ads on websites or apps. Ads are placed through an auction system that manages transactions between the site or app publisher and the advertiser. Through automated processes, advertisers bid for the impression (a single view of an ad by a single individual) based on its perceived value, according to established criteria.