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.
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