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Home Industry Brief

Whilter.AI unveils expansion plans and projects revenue growth of INR 7 Cr by the end of FY 24-25

by MN4U Bureau
May 27, 2024
in Industry Brief
Reading Time: 2 mins read
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Whilter.AI unveils expansion plans and projects revenue growth of INR 7 Cr by the end of FY 24-25
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New Delhi: Whilter.AI, a CreaTech company in the GenAI space, announces its expansion plans and revenue growth, setting the stage for the next evolution of b2c communication. Whilter.AI is dedicated to pushing the boundaries of technology to deliver customise solutions for its clients. Currently scaling video communications as a service, the company aims to make the pricing very affordable, add more language support, and soon move towards a self-serve platform for brands and producers. 

With several successful projects under its belt, Whilter.AI has garnered acknowledgment and praise for its impeccable work. Collaborations with prominent brands across industries have resulted in remarkable engagement rate upliftment and conversions, catching the eyes of industry leaders. Since its inception, Whilter.AI has onboarded clients such as RoyalEnfield, W for Women, Domino’s, Aditya Birla Capital, and MotoGP to name a few.

“At Whilter.AI, our goal is to enable businesses to enhance customer engagement and uplift conversion rate (multifold) through hyper-personalized videos. As the global digital video advertising market is projected to skyrocket from $53.2 billion in 2021 to $712.6 billion by 2031, driven by a compelling CAGR of 29.6%, this data shows that consumers and brands increasingly valuing personalized experiences.”– Said Mr.Pankaj K Arora, Co-Founder of Whilter.AI

Speaking on this Mr. Prashant Yadav, Co-Founder of Whilter.AI said – “We’re enthusiastic about our upcoming expansion plans as they reflect our commitment to offering practical and effective solutions in personalized video creation. Our primary focus remains on advancing our solutions to ensure it delivers not just creative content, but also scalable and efficient solutions for our clients. We aim to extend the reach of our platform, enabling more businesses to leverage the power of personalized video in their marketing strategies.” 

The market for personalized video creation is witnessing unprecedented growth, fueled by the increasing demand for hyper-personalization in digital advertising. According to recent studies, the global digital video advertising market is projected to skyrocket from $53.2 billion in 2021 to $712.6 billion by 2031, driven by a compelling CAGR of 29.6%. Consumers are increasingly valuing personalized experiences, with 73% citing customer experience as a key factor in their purchasing decisions. Whilter.AI is at the forefront of this trend, catering to early adopters across various industries, including healthcare, BFSI, fashion, and more.

Whilter.AI has identified the US and European markets as key targets for expansion. With strategic initiatives underway, the company aims to penetrate these markets and establish a strong presence, offering its solutions to a global audience.

CMOs recognize the importance of engaging personalized visuals, but scaling video production is often time-consuming and expensive, posing a significant deterrent. To address this issue, Whilter.AI plans to enhance efficiency and reduce costs, making its solutions more accessible and effective. By focusing on real-time delivery and affordability, the company aims to promote widespread adoption across various industries and use cases.

Whilter.AI’s client roster includes leading brands from diverse sectors, including healthcare, fashion, automobiles, airlines, and more. The company’s marketing strategy involves a combination of direct engagement and partnerships with industry-leading companies, leveraging joint GTM initiatives and product integrations to reach new clients and markets.

–Based on Press Release 

 

Tags: a CreaTech companyGenAI spaceMr. Prashant YadavMr.Pankaj K AroraWhilter.AI

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