We need to support creators and viewers by giving them a video creating & sharing application better than TikTok & different applications. We likewise need to help a large number of skilled creators who need a stage where they can build up their profession.
Currently we have 35k+ downloads in beta phase on play store with daily active user 2k+ and weekly 5k+ active users.
We have currently monthly expenses around 4L with 50k-60k generating monthly revenue.
Our targeting users are young age people because they want to explore their self in the world more than other age of people.
There is huge opportunity for video application. Currently 1B+ market size of short video app.
Problem or Opportunity
In the midst of the increased TikTok boycott in India, a void & huge open door is made in Indian market for online social media short video sharing app. Till now no organizations are giving the consumer loyalty as of TikTok and here untruths an immense potential to think of some better administrations to offer in Indian market.
1. Recommendation system
2. Lyte Beam
4. Lyte Business
Interest rate, %
Solution (product or service)
The Indian market is brimming with the makers and clients and figures can go upto 100M in India itself.
There is no such stage that can give such degree of fulfillment to the clients and makers. There lies as camouflage occasion to investigate the chance and make an immense business.