Soumya Vilekar quits Planet Marathi OTT after 7 years of association

Soumya Vilekar, the co-founder of the Marathi OTT app – Planet Marathi has parted ways and announced her exit from the organisation. Soumya has been associated with the brand since 2017 and played a role in the forming and execution of the entire app right from its inception to the stage it has reached at present.

Planet Marathi as a brand was established in 2017 with a vision of creating a niche of Marathi films, arts and culture across the world map. The company forayed from film production after producing Marathi films like AB Aani CD, Goshta EKa Paithanichi, and Chandramukhi to the streaming app business during the pandemic.

At present, the company is currently valued at approximately Rs 200 crore while the app has a user base of more than one million internationally present in 100 countries. The venture was seed-funded by Vistas Media Capital Company, based out of Singapore. Soumya Vilekar who has contributed largely towards building the organisation and its growth is now stepping down from her established role as a co-founder.

Soumya and her son, Anitya Vilekar who served as directors of the organisation have resigned from the board of directors. While the compliances and statutory processes are going on, the effective date would be from 31st January 2024.

“It has been an exciting journey with Planet Marathi over the years. Building the brand and the organisation right from scratch was an interesting learning experience. Working with the team, associates and everyone else on different projects for the entire tenure has been quite enriching. Besides being a co-founder and CFO, I also had the privilege of taking on various responsibilities and playing multiple roles similar to CXO as well. As this journey comes to an end, all I would say is that bigger things are in the offing. There is always a greater journey when one decides to be constantly in the process of creating new worlds. About moving forward, I will announce my next venture soon,” Soumya Vilekar, co-founder, of Planet Marathi, said.

Post her exit, Soumya has ambitious plans for a new venture that will focus on a media-based SaaS platform along with several other initiatives on the technology front. Financial Express