About Bolo Live
Bolo Live is a Media & Entertainment company based in Gurugram (India) founded in 2019 by Varun Saxena and Tanmai Paul. Bolo Live has raised $9.87 million across 9 funding rounds from investors including Wellfound, IQ-EQ and Indian Angel Network Fund. Bolo Live was last valued at $30.25 million in October 2022. Its chief executive, as recorded, is Varun Saxena. Bolo Live offers products and services including Hand-Cut Chips, Jalapeño Poppers, Baja Fish Tacos, and Grilled Romaine Steak Salad. Its focus areas include OTT Video, Video Distribution, Live Streaming and Monetization.
Company details
Provider of online slot games and related digital entertainment. It offers a platform for various slot games, focusing on providing access to these games through its website and application. The company facilitates user registration, account management, and customer support via live chat. Additionally, it provides a range of other digital entertainment products.
- Headquarters Gurugram, India
- Founders Varun Saxena, Tanmai Paul
- Stage Minicorn
- SectorsMedia & Entertainment
- Website bololive.com
- Social LinkedIn X
- Annual Revenue$1.14 M (USD)168as on Mar 31, 2022
- Net Profit-$949.07 K (USD)-114as on Mar 31, 2022
- EBITDA-$948.25 K (USD)-114as on Mar 31, 2022
- Total Equity Funding$9.87M (USD)
in 9 rounds
- Latest Funding Round$5.6M (USD), Series B
Oct 2022
- InvestorsWellfound
& 122 more
Associated legal entities of Bolo Live
Bolo Live is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Synergybyte Infotainment Private Limited CIN U72100HR2015PTC056765 | Active | 24 Sep 2015 | Gurgaon, Haryana | ₹8.5 Cr | 3 | View details | |
| Synergybyte Media Private Limited CIN U74999HR2020PTC085938 | Under Process Of Striking Off | 18 Mar 2020 | Gurgaon, Haryana | 2 | View details |
Products & Services of Bolo Live
Bolo Live offers a comprehensive portfolio of products and services, including Hand-Cut Chips, Jalapeño Poppers, Baja Fish Tacos, and Grilled Romaine Steak Salad.
Fried chips with optional add-ons like pico de gallo
Deep-fried jalapeños stuffed with bacon cream cheese
Fried fish tacos topped with pineapple salsa
Steak salad with corn salsa and vinaigrette dressing
Funding Insights of Bolo Live
Bolo Live has successfully raised a total of $9.87M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $5.6 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $9.87M
- Total Rounds 9
- Last Round Series B — $5.6M
- Investors Count 123
All 9 funding rounds of Bolo Live with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $5.6M | Series B | $30.25M | Al Zarooni Emirates Investments | |
| Jul 2021 | $2.5M | Series A | $11.37M | Orios Venture Partners | |
| Jan 2021 | $504,500 | Seed | $••••• | Bruce Isackson Irrevocable Trust, IQ-EQ | |
| Dec 2020 | $400,000 | Seed | $••••• | Inflection Point Ventures | |
| Aug 2020 | $300,000 | Seed | $••••• | Eagle10 Ventures, India Accelerator | |
| Jun 2020 | Seed | – | Orbit Startups | – | |
| Apr 2020 | $376,500 | Seed | – | Bruce Isackson Irrevocable Trust, Rudraksh Ventures | |
| Oct 2019 | $184,300 | Seed | – | Amnyk Group, Genesis IT Innovations | |
| Aug 2019 | Seed | $••••• | ah! Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $30.25M | •••••••• |
| Jul 2021 | $11.37M | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
| Aug 2019 | $••••• | •••••••• |
Full valuation and stage history of Bolo Live
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $30.25M (Oct 2022). 123 investors in total: 27 institutional and 96 angel.
Investors in Bolo Live
Bolo Live has secured backing from 123 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, IQ-EQ and Indian Angel Network Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and holding company controlled by Al Zarooni family | zeinvestments.com | Dubai, United Arab Emirates | ||
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Venture capital and accelerator services are provided across multiple sectors. | sosv.com | Cork, Ireland | ||
Venture capital investments and support for startups in sectors like AI and healthcare. | 2017 | ian-fund.com | Kolkata, India | |
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Early-stage investment in technology-driven startups in India, focusing on teams, customers, and growth. | 2017 | eagle10ventures.com | Bengaluru, India | |
Venture capital fund focused on technology startups | ||||
Early-stage investment in consumer brands, focusing on bold ideas and founders. | 2019 | rukamcapital.com | Delhi, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Investments in multiple sectors are managed by CSCE99 Ventures. | Gurugram, India |
Investor details for Bolo Live
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Bolo Live
The boards of the 2 registered companies of Bolo Live currently have 4 directors; the longest-serving is Varun Saxena, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Saxena DIN 07298314 | Managing Director | 24 Sep 2015 | 11 yrs 1 mo | Synergybyte Infotainment Private Limited, Synergybyte Media Private Limited |
| Nikhil Saxena DIN 08522265 | Director | 18 Mar 2020 | 6 yrs 7 mo | Synergybyte Media Private Limited |
| Prashant Rajan Pansare DIN 06440882 | Director appointed in casual vacancy | 17 Jul 2020 | 6 yrs 3 mo | Synergybyte Infotainment Private Limited |
| Tanmai Paul DIN 09298887 | Whole-time director | 01 Sep 2021 | 5 yrs 2 mo | Synergybyte Infotainment Private Limited |
People of Bolo Live
2 people are tracked at Bolo Live (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CPO | Leadership |
Complete people profiles for Bolo Live
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Bolo Live
Figures of Synergybyte Infotainment Private Limited, the primary company behind Bolo Live, for FY 2022. Revenue was ₹8.48 Cr (+168% year on year). Net loss was -₹7.07 Cr (-83% margin). EBITDA was -₹7.06 Cr (-83% margin). Revenue has grown at a compounded annual rate of +138% over three years and +293% over five years.
- ₹8.48 CrRevenue · FY 2022 · +168% YoY
- -₹7.07 CrNet loss · -83% margin
- -₹7.06 CrEBITDA · -83% margin
- ₹2.4 LakhPaid-up capital
- +138%Revenue CAGR, 3 years
- +293%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Synergybyte Infotainment Private Limited are on its company page.
Detailed financial statements for Bolo Live
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bolo Live
4 dated milestones of Bolo Live across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bolo Live is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $5.6M.
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Related news about Bolo Live
Complete news archive for Bolo Live
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Frequently Asked Questions about Bolo Live
Bolo Live was founded in 2019.
Bolo Live is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Varun Saxena is the CEO of Bolo Live, as recorded in our data. They have also founded this company.
Bolo Live is a funded company, having raised a total of $9.87M across 9 funding rounds to date.
Annual revenue of Bolo Live is $1.14M as on Mar 31, 2022.
Provider of online slot games and related digital entertainment. It offers a platform for various slot games, focusing on providing access to these games through its website and application. The company facilitates user registration, account management, and customer support via live chat. Additionally, it provides a range of other digital entertainment products.
Bolo Live offers Hand-Cut Chips, Jalapeño Poppers, Baja Fish Tacos, and Grilled Romaine Steak Salad.
Bolo Live has 123 investors. Key investors include Wellfound, IQ-EQ, Indian Angel Network Fund, India Accelerator, and Orios Venture Partners.
The valuation of Bolo Live is $30.25M as of Oct 2022.
Bolo Live is associated with 2 legal entities: Synergybyte Infotainment Private Limited, Synergybyte Media Private Limited.
The legal entities of Bolo Live currently have 4 directors, including Prashant Rajan Pansare, Varun Saxena, Tanmai Paul and others.