Raj Kundra’s live streaming app gets 200,000 downloads in 3 months

Businessman Raj Kundra’s dwell streaming app JL Stream, which permits customers to dwell stream their content material and earn cash through items and ideas, has seen over 200,000 downloads in lower than three months.

The corporate’s revenue has additionally grown two folds – from Rs 1 crore within the first two months to Rs 1 crore in March alone and Kundra mentioned he’s a minimal of 15-20% month-on-month development right here on.

Speaking concerning the concept behind the app, Kundra mentioned that he noticed a chance submit ban on the Chinese language apps.

“The entire concept was to let the influencers and celebrities monetise their recognition. Everybody ought to have a proper to monetise their fan base, and JL Stream does simply that,” Kundra, founder and CEO, JL Stream, instructed ET.

Kundra’s preliminary plan was to launch the app in October final yr, however as the corporate determined to construct it utterly in-house and floor up, it took extra time.

“We’ve not raised any cash to date and invested near $1 million in constructing the app. We’ll immediately elevate Sequence A from world buyers after increasing within the US, UK, Center East and different Asian markets,” he mentioned.

As per Kundra, JL Stream is a stallion. “I consider in stallions, not unicorns. Unicorns are fantasy.”

JL Stream has near 4,000 streamers, who’re incomes between Rs 10,000 – Rs 4 lakh per 30 days from dwell streaming on the app. Kundra mentioned that there are individuals who have spent over Rs 20 lakh on gifting these streamers.

Other than dwell streaming, the app additionally has options like social media, gaming and many others. multi function place.

“We’ve gamified the web conferences. JL Stream gives chatting, movies, social video games and different cool options. Very quickly we may even allow ecommerce on the platform. Virtually each two weeks we’re including extra options. Already two massive courting apps are in talks with us for partnerships,” Kundra added.

When requested concerning the content material moderation, provided that a couple of dwell streaming platforms are being utilized by streamers to earn cash displaying nudity, Kundra mentioned JL Stream has strict content material and neighborhood pointers.

“We will takedown content material in 42 seconds. Any skin-show will get flagged by our AI-based system and moderators then determine. We observe all the principles strictly and have a three-strike coverage with the companies too. If their expertise is warned thrice, we are able to blacklist them,” he added.