Bolo Indya Raises Investment From Inflection Point Ventures
Bolo Indya raises USD 400,000 led by Inflection Point Ventures. Existing investors from Eagle10 Ventures also participates in the round. This takes the total raise by the company close to USD 1 million till date.
The raised funds will be used to enhance personalization & 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.
“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 monetize by leveraging the social capital. We are building towards democratizing the talent and skill of every content creator out there who loves creating short videos across interesting areas in their local languages,” shared the Founder of Bolo Indya, Varun Saxena.
Co-Founder of Inflection Point Ventures, Mitesh Shah expressed, “There is an exploding trend of short video consumption and content commerce in India. I am very confident of the team’s understanding and the way they have built differentiation around Bolo Meets and are scaling it up. Their engagement first approach and focus on high user retention clearly makes them stand apart from the clutter in short video space. IPV,with its vast Investor base of CXOs from diverse industries including Media & Entertainment, will help BoloIndya access a large unexplored market base and expand its network exponentially while enhancing the Tech capabilities as well.”
“Short videos in local languages are expected to see the demand of over 80 million users by 2022, just 4th to Youtube, Payments and E-Commerce. This is where Bolo Indya wants to bring in video commerce for personalized online services to build a product which adds contextual value to the time spent on the internet by regional language users,” concludes Varun.
