Ahead of its public listing, the streaming company must navigate questions around its association with the Dubai-based investor, now under an ED investigation.
Ullu’s perfect story is starting to fall apart.
Last month, Ullu approached the public markets for a listing on the small and medium enterprises, or SME, exchange. And, in doing so, the streaming company, which has only ever been known for its titillating video content, made a lot of noise on the business front. About how the company is profitable and if the IPO goes through, Ullu’s listing will be the biggest in the SME space in India.
In the month since, trouble appears to have found its way to Ullu.
Yesterday, The Morning Context wrote about the Dubai-based hawala …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Dubai