The announcement came at an all-hands meeting at Viu’s Mumbai office
Viu’s executive cited financial reasons behind the shutdown
The company was unable to compete with Amazon, Netflix, others: Viu’s executives
Hong Kong-based over-the-top (OTT) platform Viu has reportedly decided to fold its India operations amid intense competition and cash-burn.
According to ET, Arun Prakash, chief strategy officer of Viu, in an all-hands meeting at the Mumbai’s office of the company, told employees that Viu is going to fold all its operations in India.