Gurugram-based Bolo Indya raises 29 crores led by Inflection Point Ventures
Bolo Indya will use the funding to enhance its personalisation and recommendation engine to further expand Bolo Meets and enhance tools to further empower the content creators during Bolo Meets sessions, as well as to strengthen the team.
Vernacular short videos sharing platform Bolo Indya has raised $400,000 led by Inflection Point Ventures. The Gurugram-based company, founded in May 2019, aims to empower content creators to transform social capital into financial independence. Existing investors from Eagle10 Ventures also participated in this round, which took the total raised by the company close to $1 million to date.
Varun Saxena, Founder of Bolo Indya, said, “We are on the mission to leverage the unique amalgamation of passion, content and commerce to empower every content creator of Bharat to go viral in the shortest span of time and be able to monetise by leveraging the social capital. We are building towards democratising the talent and skill of every content creator out there who loves creating short videos across interesting areas in their local languages.”
Bolo Indya offers a unique proposition of Bolo Meets to its 2.8 million content creators to leverage their social capital across the user base of more than 6.5 million and have the followers do micropayments to avail one to one and one to many live video sessions with them around their expertise area.