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.
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Legal Name
:
Synergybyte Infotainment Pvt Ltd.
Headquarters
:
Gurugram, Haryana, India
No. of Employees
:
21 to 40
Core Team
:
1.
Varun Saxena
Co-Founder & CEO
2.
Tanmai Paul
Co-Founder & CPO
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May | Company Incorporation
Bolo Live was launched on 11 May, 2019 - with a small team of 4 people
Dec | Raised Funding
First angel investment round was raised.
Oct | Key Leadership Hire
Prashant, ex Co Founder and CTO Pratilipi and BITS Pilani alumnus joined as CTO.
Dec | Raised Funding
First Institutional Investment Round raised
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
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