February 25, 2021

Quick video app Bolo Indya raises $500Okay from Eagle10 Ventures, India Accelerator Group

BENGALURU: Quick video app Bolo Indya raises $300,000 funding from Eagle10 Ventures, India Accelerator Group and excessive web value people.

This has taken the entire increase by the corporate to over $500,000 until date. The brand new funds might be used to reinforce personalization and advice engine, develop language evangelists and strengthen the staff.

After India banned Chinese language brief video platforrm TikTok in June, Indian rivals together with Bolo Indya, Roposo, Moj, Mitron and Chingari have seen accelerated downloads.

Bolo Indya at present presents brief movies creation, consumption and data networking in 12 Indian Languages – Hindi, Tamil, Telugu, Bengali, Malayalam, Gujarati, Marathi, Odia, Punjabi, Bhojpuri, Haryanvi and Kannada.

“We’re working in the direction of constructing a each day use case for native language brief movies consumption and see ourselves to be on at the very least one smartphone of each Indian family with a non-English consumer inside the span of subsequent 18 months,” stated Varun Saxena, Founder, Bolo Indya.

Prashant Pansare from Eagle10 has joined the Board of Administrators. Mr. Sunil Kamath, ex-CBO of Sharechat and ex-SVP of Opera additionally participated within the spherical.

Bolo Indya stated it has at present has over 40 lakh Month-to-month Energetic Customers throughout Playstore and OEM Appstores. It added over 15 lakh movies are being created every day on Bolo Indya since June 2020.

Bolo Indya permits customers to create and devour brief movies of most period 2 minutes throughout curiosity areas starting from Way of life, Cooking, Leisure, Expertise, Expertise, Storytelling, Motivation, Finance, Relationships to Sports activities and plenty of extra.

Customers can work together with content material creators in addition to others who share related pursuits inside the similar language.