Short video platform aims to break even in the next 18 months, revealed Umang Bedi, Co-founder of parent , at TechSparks 2023.
“Our video networking business nears breakeven, where we are aiming for another four quarters of consistent performance, showcasing quarter-on-quarter improvements. The goal is to gather substantial data demonstrating scaled business operations before considering an IPO,” said Bedi, who also heads the profitable news aggregator Dailyhunt.
He added that short video platforms help drive growth in the creator economy with monetisation. The content creation and social networking industry necessitates substantial capital, advanced technology, AI integration, and efficient marketing processes, along with collaborating with a network of content creators, Bedi Bedi noted
Josh has started monetising at a fairly good scale with growth in mind and aspires for sustained growth in the coming years, he added.
Edited by Kanishk Singh
