Wednesday, September 29, 2021
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Tag: Bolo Indya

Bolo Indya raises $400,000 investment from Inflection Point Ventures

Gurugram-based short videos sharing platform Bolo Indya has raised $400,000 led by Inflection Point Ventures (IPV). Existing investors from Eagle10 Ventures also participated in the round, which has taken the total raise by the company close to $1 million till date. Active in local Indian 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 allows micropayments to avail one-to-one and one-to-many live video sessions with them around their expertise area. Content creators are already earning upto Rs 60,000-Rs 70,000 per month from this initiative, with more than 50,000 bookings since the launch of Bolo Meets. Bolo Meets has emerged as a moat for Bolo Indya leading to high user engagement and creator retention, and is also catching investors’ eyeballs. Top Bolo Meets categories include astrology, lifestyle, fitness, language learning, singing, dancing, stand-up comedy and instrument learning. The raised funds will be used to enhance 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. Varun Saxena, Founder, Bolo Indya, said, “We are...
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