Social media live-streaming platform Bolo Live raises $5.5M from UAE-based family office

Gurgaon-based social media live-streaming platform Bolo Live has raised $5.5 million in a new funding round led by a UAE-based family office.

The board at Bolo Live has passed a special resolution to issue 5,709 CCPS at an issue price of Rs 80,575 each to raise Rs 46 crore or $5.6 million, according to the company’s regulatory filings with the Registrar of Companies (RoC).

Founded in 2019, Bolo Live is a Social Live streaming platform which enables content creators to monetize their content via virtual gifting. The startup claims to have over 1 lakh content creators monetizing on the platform.

Entrackr first reported the story.

Also Read:

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.

Source link

Related posts

Kunal Shah gets the top angel investor title in 2022 with 54 deals

Sarah Villa

Big Exchanges Readying Huge War Chests For Crypto Winter

Sarah Villa

Amid Legal Tussle, MeitY Restores Access To VLC Media Player’s Website In India

Sarah Villa

How startup CFOs can prepare for their rapidly changing role expectations

Sarah Villa

Online Dispute Resolution Startup Sama Raises Seed Funding

Sarah Villa

D2C meat brand Pescafresh to expand presence in Bengaluru, Gurugram

Sarah Villa

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More