Bolkar has raised an undisclosed amount from two of India's leading early-stage venture firms, GSF Accelerator and Axilor Ventures . These funds would be used to onboard local micro-influencers, strengthen its product, and improve in-app personalisation.
Bolkar, a crowdsourced knowledge sharing and social audio platform, is currently working on building social audio tools and live interactive features for users to have discussions in real-time, form sub-communities, and jump into conversations with experts on a variety of topics.
Commenting on the fundraiser, Prince Tripathi, Co-founder and CEO of Bolkar, said, "According to a report from KPMG, there has been an exponential rise in internet adoption across rural India and 90 percent of the new internet users are consuming content in their native languages. The new internet adopters from Tier-II and III towns face difficulty in written text and are replying on audio as a content format to surf the internet, interact with each other, and gain relevant knowledge."