Bolo, a Bengaluru-based Indian language knowledge sharing platform has raised ₹3 crore in seed funding led by Nexus Venture Partners. Other participants in the round includes Unacademy Founders Gaurav Munjal, Roman Saini, and Hemesh Singh; Growth Story Founders Ganesh Krishnan and Srinivas Anumolu; and Newsdog Founder Chen Yukun.
The startup aims to utilise the funding amount to strengthen the team across product, technology, and operations.
“We aim to enable knowledge sharing among Indians coming online for the first time in a format they prefer and the language that they’re comfortable with,” Nishant Chandra, Co-founder at Bolo, said.
Launched in July 2018 by Nishant Chandra and Siddharth Maheshwari, Bolo is a knowledge-sharing community that allows users to ask and answer questions in Hindi.
The answers are in the form of short videos of less than one minute each. Additionally, users can directly video call with experts on the platform for a small fee to get highly-personalised solutions to their problems.
The app, which is currently available in Hindi language, includes categories such as beauty, fashion, fitness, cooking, and career counselling.
More than 75 per cent of the total users will be Indian language users by 2021. Also, at present, apps in India are focusing on utility, entertainment, and news already served millions of people, and knowledge sharing communities like Bolo are rising rapidly as people start looking for information, according to the company.