Bolo Live, a social media live-streaming company located in Gurgaon, has raised $5.5 million in a fresh fundraising round that was lead by a family office in the UAE.
According to Bolo Live’s regulatory filings with the Registrar of Companies, the board approved a special resolution to issue 5,709 CCPS at an issue price of Rs 80,575 apiece in order to raise Rs 46 crore, or $5.6 million (RoC).
Bolo Live, a social live streaming platform established in 2019, enables content producers to monetize their work through virtual gifts. Over 1 lakh content creators, according to the firm, are earning money through the platform.
The story was initially reported by Entrackr.
