Video creation and editing platform InVideo has brought $15 million up in its Series A financing round drove by Sequoia Capital India. The round additionally incorporates interest from Tiger Global, Hummingbird, RTP Global and Base.
InVideo was an aspect of the second companion of Sequoia’s quickening agent program declared in October a year ago. The San Francisco-and Mumbai-based startup had additionally gotten $2.5 million from Surge and heavenly attendant speculators including Anand Chandrasekaran and Gokul Rajaram.
This new capital will be utilized to fabricate innovation arrangements, grow at scale and help more people and organizations, said the organization in an official statement.
InVideo was dispatched in April 2019 by Sanket Shah and Harsh Vakharia which offers video altering and compositing in a program first arrangement, expanding availability, eliminating delivering time, shortening criticism circles, and making the cycle simpler.
InVideo highlight likewise incorporates intuitive usefulness and video library and designing for Facebook, YouTube, Instagram, Twitter and WhatsApp.
Since its beginning, InVideo professes to have more than 800,000 clients from in excess of 150 nations who have made recordings in more than 75 dialects. InVideo is a freemium item with paid plans beginning from $10 per month to up to $30 for premium highlights. It checks P&G, Dropbox, Reuters and ATT as clients.
Other than the previously mentioned financial specialists, it likewise tallies Haresh Chawla, Kunal Bahl, Ashish Hemrajani and Miten Sampat as its initial benefactors. All around the world, Filmora, Adobe Premiere Pro, Animoto, iMovie are a portion of the options for InVideo.