VC Fund Investments
Live streaming app Bolo Live raises $2.4 M from Orios Venture Partners, others
Bolo Live, a social live-streaming app, has raised USD 2.4 million from Orios Venture Partners and others ahead of its Series A funding round. SOSV, Tremis Capital, LPA Ventures participated in the fundraising, as did existing investor Eagle 10 Ventures and several high networth individuals. The company has raised a total of USD 3.5 million till now. The fresh funding will be used to accelerate product development, strengthen the team and for expansion in both India and South Asian markets. Bolo Live, which started off as a short-video platform Bolo Indya in 2019, claims to have over one lakh content creators monetising on the platform, with a retention rate of 80%. Its current net revenue run rate is at USD 1 million.
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