ICCK

SugarBox helps users access Internet services in areas of bad or no network, ZEEL said. Users at key places of interest (PoIs) can access its servers over a local wi-fi network. PoIs include public transport, public places, rural areas, hotels, co-living spaces and malls where a large mass of users access a host of digital services. Zee currently holds a 80% stake in SugarBox.

Using the SugarBox platform, a user will be able to stream and download videos, listen to music, play games, learn on-the-go, pay bills and access other online services without a mobile data connections. This investment has been made to exploit strong synergies of the technology developed by SugarBox with the current businesses of the company with a potential to significantly augment digital content consumption, ZEE said in a statement.

“The unique technology will enable us to serve content to consumers across the nation, without being restricted by connectivity constraints. We are confident that this synergy will create a strong foundation for us, as we progress towards offering relevant content to consumers across platforms," Punit Goenka, managing director and chief executive officer, ZEEL, said in a note.

Read More : https://www.livemint.com/companies/start-ups/zeel-invests-rs-522-crore-in-tech-startup-sugarbox-11586500275290.html