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India is one of our fastest growing markets, we are investing heavily here: Canva co-founder Cliff Obrecht

Money Control · 1y

Co-founder and COO of graphic design company Canva, Clifford Obrecht, stated that India is one of their fastest-growing markets and they are heavily investing in the region. India has a large creator community on Facebook and is gaining prominence as a key market for social media giants. Canva recently launched AI-enabled offerings under 'Magic Studio', featuring new features available in 11 Indian languages. Education is a popular use case in India, with presentations and social media designs being the most popular categories. Canva has doubled its users in India in the past year and has strategic partnerships with startups and educational institutes in the country. Canva also announced a $200 million fund to pay content and AI royalties to its creator community.