Techahead

  When the idea of Zoom was conceived and executed in 2011, there wasn’t much buzz about this video-calling and video-conferencing app: There were numerous players in this segment, and the response was lukewarm. In 2017, Zoom became a Unicorn, by surpassing a $1 billion valuation. The real growth happened during the pandemic when they added a record 160 million new users in 90 days, and revenues surged by 169%, as the entire corporate and educational users turned to Zoom for their video calling and meeting needs. Its market value surged to $64 million, from $16 billion in a span of 12-14 months, and its unprecedented success stunned everyone. At the start of 2020, around 10 million active users were present on Zoom. Between 2020 t0o 2021, Zoom’s active user count expanded to 300 million users, which included 450,000 organizations having more than 10 employees, and around 100,000 schools/colleges and Universities. As of now, Zoom apps (they have more than 10 apps) have been installed mo