InVideo, the video creation platform that allows users to create high quality videos for any form of digital media, has raised a $15 million Series A funding round led by Sequoia Capital India. The round also saw participation from Tiger Global, Hummingbird, RTP Global, and Base Ventures.
Mumbai-headquartered video creation platform InVideo was founded an year ago by Sanket Shah and Harsh Vakharia. the platform has over 800,000 users from more than 150 countries who have created videos in over 75 languages. InVideo is a freemium product with paid plans starting at $10 per month. The funding will help accelerate product development and build out InVideo’s collaborative, cross device video creation suite.
Prateek Sharma, VP, Sequoia Capital India LLP said “We believe the global SaaS companies of tomorrow are going to be built from India. And with their stellar product, design, and tech capabilities, InVideo is well placed to become the platform of choice for video creation in a potentially $10 billion market”.
Sanket Shah, Co-founder, InVideo said, “This fresh capital injection will allow us to continue our mission to build a world-class technology solution, expand at scale and help more individuals and businesses create unique videos that fit their needs in the easiest way possible.”