Common
is not so common in India these days, especially when it comes to gifting. With
technology at the fingertips and money in their pockets, millennials are
looking out for a unique gifting solution to stand out from the crowd. For the
generation which is more affluent than its predecessors, market poised to
become $475 billion by 2024. The country’s gift market itself is set to grow
exponentially to $84 billion by 2024 from the present $65 million.
The
personalised gift segment which witnessed quadrupled
growth in the last five years will be a major contributor to the aforementioned
growth. Coming a long way from handmade greeting cards to custom made gadgets,
the sector is now open for groundbreaking innovative concepts. Tapping this
opportunity of taking personalised gifting beyond the old-fashioned
options, MyStarHub brings India’s first platform for booking personalized
videos from celebrities. Offering an option to book a personal video message as
a gift to someone, MyStarHub is one of its kind platform in India that will
bring fans and their chosen stars closer.
Along
with short personified videos for fans, the startup will also offer videos for
commercial use by businesses such as wedding planning or organizations looking
for celebrity personalised video messages. Such video
shoutouts when used for commercial purpose will let the brands engage with
customers without having the celebrities to travel long distances which would
tunique gifts and gifting styles have become a part of their image. The rise of
gifting culture is evident from reports that expect India to emerge as a
leading contributor to the global gifting hereby optimize the overall cost for
the organizers.
The Inception
Born
with an aim to create a platform beyond social following of fans restricted to
liking and commenting, MyStarHub was founded in October 2019 by Swapnil
Mahajan, Namrata Mahajan, Pranav Chaturvedi, and Anchal Dhawan. In their
endeavor is to create the most authentic and memorable fan experiences across
the world, the partners came up with the platform where fans can book personalised video shoutouts from their favorite
celebrities.
MyStarHub
will leave the cliched ideas of gifting far behind
by bringing a contemporary choice to fans for making their moments memorable for
the lifetime. Be it birthday wishes, anniversary greeting or any other glad
tidings, the startup will allow fans to have short video messages from celebs
recorded for themselves or their friends and family.
The Business Model
Introducing the first-of-its-kind platform in India, MyStarHub
brings popular names across industries and their fans together on a single
stage where fans can request their stars to create a short video exclusively
for them. Fans can simply register and login to
MyStarHub website or app and ask their favorite star for a personalised video by paying for it. They can also download
the video to create memorabilia for life and share it on their social media
pages.
For
celebrities, the platform offers a stage to engage with their fan bases and let
them feel more connected. By registering as a star on the app/website,
regional, domestic and international celebs can connect and attract fans who
often feel left out and unengaged. It will also give them an opportunity to
monetize their personal fan interaction, the market for which is huge
especially in India.
The Road Ahead
In
a country where celebrity worship syndrome is a trend, MyStarHub, with the
tagline 'Dreams do come "True"', will make the dream of getting
personalised wishes from one’s favorite star come
true. The platform will let millennials touch the hearts of their loved ones by
surprising them with a personal video message from their celebrity crush. Creating a marketplace for fans to book video shoutouts
from athletes, artists, influencers, superstars, and celebrities like Barkha
Sengupta, Niti Taylor, the startup has laid the foundation of new-age gifting
alternatives for the modern generation.
About
Founder
Swapnil
Mahajan: Coming
from a stellar media background, Swapnil is a seasoned professional who started
her corporate journey in the year 2008 with Grohe. Moving ahead she joined
Times of India where she took on driving sales and marketing for the TOP
clients in India. She has effectively designed & executed the branding
strategy for the organization across various platforms. Before venturing into
entrepreneurship, Swapnil headed the North-east region for Prime Focus
Technologies. With a vision to bring the largest platform that brings the
masses and fans closer to their celebrities/talent, Swapnil founded MyStarHub.
About
Co-Founders
Namrata
Mahajan: Namrata
comes with a strong financial & technical background and MystarHub embarks
her journey from being a banker to an entrepreneur. Namrata’s financial sector
journey began in 2004 with Citibank. Following this, Namrata headed the South
Extension branch as the Head of Service and Operations and worked on various
critical initiatives.
Anchal
Dhawan - Anchal
is one of the core founding members who joined hands with the company from the
day of its inception. Anchal comes from strategic management and a core
leadership background. He has executed and successfully delivered projects
across FMCG, Media and technology platforms.
About
Founding Member
Pranav Chaturvedi:
Bitten by the
entrepreneurial bug at an early age, Pranav started his career by founding an
event management firm. His media and entertainment journey began in 2008 with
Taj Television in the sales and strategy department. Prior to co-founding
MystarHub, Pranav was associated with Prime Focus Ltd and spearheaded multiple
roles for more than 9 years.
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