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Havish Gupta
Figuring Out • 5m
This Indian Company made a tool that is widely used around the world! Meet Sanket Shah, Pankit Chedda, and Harsh Vakharia, the founders of InVideo, a text-to-video app. So It all started in 2012 when the founders were creating 10-minute summaries of non-fiction books. But there was a problem! There was no easy way to edit the videos. Sanket observed that video creation tools back were either very basic or required highly professional skills. So, they decided to bridge this gap. They founded InVideo in 2017, and they launched their first tool, a simple yet effective cloud-based video editor in 2019. This was followed by the epic Text-To-Video app which is absolutely fantastic as per my experience! What's the best thing is that 47% of their revenue comes from the USA, followed by 22% in India and 13% in the UK. Also top companies like Mattel, Accenture, Boeing, Google, and 140+ use InVideo as their video editor. This thoroughly explains to why they are valued at over $200 million! Btw they have raised over $50 million from investors like Sequoia and closed FY24 with $30 million in revenue. Fascinating, isn't it?
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