San Francisco and Mumbai-based InVideo’s journey from near-shutdown to $70M ARR is exactly the kind of India-to-global success story we champion at GIA.
What is the news?
- InVideo, founded by Sanket Shah, Harsh Vakharia, and team, has reached $70 million in Annual Recurring Revenue (ARR), growing from $20M in 2023 to $55M in early 2024, and now to this impressive milestone.
- The company pivoted in mid-2022 with a new AI-powered video creation platform that transformed their trajectory, becoming one of the largest Indian customers of OpenAI, Anthropic, Google, and ElevenLabs.
Why is it interesting?
- InVideo’s story exemplifies the resilience of Indian founders, facing a plateau in 2021 that nearly shut down the company, they completely reinvented their product with AI at the core and achieved explosive growth.
- Their “hacker mindset” approach to hiring and product development demonstrates how Indian startups can compete globally with lean teams by emphasizing ownership, independent thinking, and fast execution.
- InVideo has found its product-market fit by solving a real pain point for entrepreneurs and small businesses, making professional video creation accessible without technical expertise, a perfect example of Indian innovation addressing global market needs.