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Bolo Live is a social live-streaming app.
Basic Information
Bolo Live, which started off as a short-video platform Bolo Indya in 2019, has over one lakh content creators monetising on the platform, with a retention rate as high as 80%. They are on a mission to empower content creators by managing their 360-degree digital journey and support them to transform their social capital into financial independence. In January 2022, the venture raised USD 2.4 million (about Rs 18 crore) as a precursor to the Series A funding round led by Orios Venture Partners.
Legal Name
:
Synergybyte Infotainment Pvt Ltd.
Headquarters
:
Gurugram, Haryana, India
Business Model
:
B2C  
Founding Date
:
2019
No. of Employees
:
21 to 40
Core Team
:
1.  
Varun Saxena
Co-Founder & CEO
2.  
Tanmai Paul
Co-Founder & CPO
Timeline

2019

Company Incorporation

May | Company Incorporation

Bolo Live was launched on 11 May, 2019 - with a small team of 4 people

Raised Funding

Dec | Raised Funding

First angel investment round was raised.

2021

Key Leadership Hire

Oct | Key Leadership Hire

Prashant, ex Co Founder and CTO Pratilipi and BITS Pilani alumnus joined as CTO.

Raised Funding

Dec | Raised Funding

First Institutional Investment Round raised

Started Generating Revenue

Dec | Started Generating Revenue

Net Revenue Run Rate cross INR 9.6 crore

Target Market
B2B
Any business looking to connect with Tier 1-3 audiences through content driven by active engagement
Client Segment
:
Clothing & Apparel,  Consumer,  Services,  Content,  E-Commerce  
Target Companies
:
Small Enterprise,  Medium Enterprise  
Target Geography
:
B2C
21 - 27 years of age group young audience, looking to create and consume content primarily driven by active engagement and gamification
User Age
:
18 to 25,  26 to 34,  35 to 45,  46 to 60  
User Income
:
Lower-middle Income,  Upper-middle Income,  Lower Income  
Location
: