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Havish Gupta
Figuring Out • 1y
Unique Startup Stories (14/20) Multiply Your Facebook Page Income with Convosight ABOUT IT • It was founded in Delhi in 2019 by Kartik Bansal, Tamanna Dhamija and Tarun Dhamija • It uses data analytics and machine learning to help admins and brands create, moderate,grow and leverage their communities on Facebook. HOW IT WORKS You just have to integrate Convosight to your page, select ad preference and this will start running ads. COMPETITION It is not replacing Meta ads instead helps monitze your page without any montizisation policy and helps increase your income. They have seen a 25x increase in payouts to thieir creators with 25% of the creators earning an average of $500 per month in the last 3 months. FUTURE PLANS To expand to all social media apps. REVENUE FY23: ₹74 Cr FY22: NA FY21: ₹10 Cr It is still in loss. FUNDING • It has raised total of $17 Million in funding from investors like Sequoia Capital. Do you think social media apps will ban this later?
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