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:

• Perpetuity Capital raises funding from UC Inclusive Credit

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