Indonesian live video streaming platform Zeemi.tv announced that the company is going on a hiatus, starting by limiting users’ ability to go live from its website, followed by their mobile app coming offline “soon.”
Promising to give more details in the future, the company also mentioned that it plans to “broaden its reach” by pivoting toward a more corporate- and developer-oriented market.
“We [thank] all of our valued users for being so much fun and travelling through the pioneering world of live video streaming with us,” Zeemi.tv said in a statement.
“We will continue to pioneer live-streaming and we’re excited about what the future holds for us,” it added.
DailySocial reported that Zeemi.tv CEO and Founder Tom Damek had confirmed the startup is changing its business model and will continue to operate, although he did not give more details on the direction of the change.
He also declined to comment on whether any employees are being laid-off during this process.
Launched in 2014, Zeemi.tv is a local player in Indonesian live video streaming scene, where it competes with regional players such as Cliponyu, Bigo, and Nonolive.
In 2015, the platform raisedUS$1 million from 500 Startups and DeNA.
Apart from Zeemi.tv, another Indonesian startup which had recently announced its pivot is digital concierge service YesBoss.