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Amalgamation of live streaming, gamification, and micro-transactions
- Launched in May 2019, Bolo Live is an amalgamation of live streaming, gamification, and micro-transactions. The platform helps content creators monetise leveraging live streaming. The platform enables users to connect, live chat, engage with and build communities with their favourite live streamers in their preferred languages.
www.thehindubusinessline.com/info-tech/social-media/social-live-streaming-platform-bolo-live-raises-24-million-led-by-orios-venture-partners/article38127999.eceSocial Live streaming platform Bolo Live raises $2.4 million ...
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Jan 31, 2022 · When Bolo Live (previously known as Bolo Indya) started in May 2019, it was positioned as a competitor to ByteDance-backed short video app TikTok.
India’s Largest Live Streaming App, bringing Bharat's language creators and fans closer. On a mission to empower content creators by managing their 360 degree digital journey and...
Apr 26, 2022 · Bolo Live is a live streaming platform that allows its users to broadcast daily activities, habits, and online services to their followers., and recently they received a funding of $2.4...
Aug 10, 2021 · Bolo Indya, India’s home-grown social live-streaming platform officially announces its new brand name ‘Bolo Live’.
- Q) Tell Us More About Bolo Live.
- Also Read Bolo Live Ropes in Abhay Singh as Its Vice President, Marketing
- Q) How Does The App Help Content Creators Earn Or Monetize?
- Q) How Is The Creator Market Growing After The Pandemic?
- Q) Where Does India Stand in Terms of The Creator Economy?
- Q) Live Streaming and Its Contribution to The Creator Economy.
- Q) What Kind of Response Are You Getting from Investors?
- Q) Future Plans?
Varun:Launched in May 2019, Bolo Live is India’s first and fastest-growing creator economy focused social live streaming platform, with total funding of USD 3.5 million. Bolo Live has recently raised USD 2.4 million as a precursor to Series A, led by Orios Venture Partners. SOSV, Tremis Capital, LPA Ventures, and other HNIs also participated in its...
Bolo Live is on the mission to democratize monetization for every content creator by bringing them closer to their fans, and not letting content creators be solely dependent on earnings through brand partnerships and shopping affiliate revenue. We are disrupting this by empowering content creators with direct fans-driven monetization opportunities ...
Varun:Bolo Live streaming feature comes with integrated real-time gamification driven by microtransactions led gifting options and aims to create the world’s largest active engagement and behavioral science-driven entertainment platform from India, with love from across the globe.
Varun:India’s creator market is poised to see over 400 million users by the end of 2022. The pandemic being the driving force, India has witnessed an exciting addition of UGC and PUGC live streamers to the foray, leading to the addition of never seen categories in the live streaming ecosystem. Research shows that the live streaming market will be w...
Varun:Just the live streaming-led monetization opportunities for content creators stand at a market size of close to 11.4 billion USD as of 2022, and growing at close 24% CAGR. Anyone who is active on social media has probably noticed that the race to become an influencer has begun. The market will inevitably see a large influx of creators, and due...
Varun:The Creator Era is underway in several industries: live broadcasting, video, e-commerce, podcasts, and certain kinds of games. Social apps that offer live streaming as a prominent feature account for $3 of every $4 spent in the top social apps in the first half of 2021. Just on Bolo Live, the paying user base has grown close to 350K unique us...
Varun:We have been getting a very encouraging response from the investor community, credit to the enduring business model we have, unit economics with a clear path to profitability without compromising growth, and how we can build a large platform with capital efficiency. We have raised a total of USD 3.5 million to date. Bolo Live has recently rai...
Varun:Our major focus area will be to further broaden the avenues on the app through which content creators may monetize the live interactions with their fans on the platform. There will be new monetization streams launched for creators in the next couple of quarters. These will include avenues that will be built both out of web2.0 and web3.0 – we ...
Feb 23, 2021 · Bolo Indya has announced the launch of Bolo-Live - Industry's first Live streaming capability on an Indian short video platform for a wider audience.
Jan 5, 2022 · 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%. Its current net revenue run rate is at $1 million, helped by growth in active user base over the last six months.
