Photo - Lyte Video Technology
50847

Lyte Video Technology

AI based video creating & sharing platform

India, Karnataka
Market: Internet and IT, Entertainment, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 11.01.2021
Min amount of loan
$  50.000
Estimated yield
10 % a year
Show contacts
1
Total required
$ 100.000
Rating
equalizer from 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
Also this project:
- is looking for investment
 

Idea

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.

Current Status

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.

Market

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.

Competitors

Our competitors:
1. MX TakaTak
2. Roposo
3. Rizzle

Advantages or differentiators

Our Advantages/USP:
1. Recommendation system
2. Lyte Beam
3. Flash
4. Lyte Business

Loan terms

12 months

Interest rate, %

10

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.

Team or Management

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility525
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video