Bolo Indya has secures $300,000 funding from the Eagle Ventures group. This takes the company’s total funding to $500,000 ever since its launch from Eagle 10 Ventures and India Accelerator Group.

The company confirms of using the latest funding to enhance personalization and recommendation engine, develop language evangelists and strengthen the team, broaden and accelerate product development.

Bolo Indya is a short-video making app that gained popularity after the government blocked China-linked apps in June. The app allows users to create short videos, consumption and knowledge networking in 12 Indian languages. These include

Hindi, Tamil, Telugu, Bengali, Malayalam, Gujarati, Marathi, Odia, Punjabi, Bhojpuri, Haryanvi and Kannada.

The app is said to have over 40 monthly active users currently across Google Play Store and OED Appstores. Over 15 lakh videos are being created on a daily basis on Bolo Indya since June 2020, reports state.

Commenting on the announcement Varun Saxena, Founder, Bolo Indya, says, "We are on the mission to leverage the power of short videos, peer to peer commerce and network affect to empower every content creator of Bharat to go viral in the shortest span of time and be able to monetize by leveraging the social capital. We are working towards building a daily use case for local language short videos consumption and see ourselves to be on at least one smartphone of every Indian household with a non-English user within the span of next 18 months."

Prashant Pansare, Co-Founder, Eagle10 Ventures, adds, "There is an exploding trend of short videos consumption. I am very confident of Varun and the team understandings and execution ability for what is a massive opportunity to build a product which would add significant value to the journey of local language internet user."