[ad_1]
Sequoia Capital India led the Sequence A spherical
The corporate plans to speed up tech growth and hiring
The corporate counts Accel India, Enterprise Freeway and others as its traders
Bengaluru-based digital occasions platform Airmeet has raised $12 Mn in Sequence A funding spherical led by Sequoia Capital India. Current traders Accel India, Enterprise Freeway and World Founders Capital (GFC) additionally participated within the spherical, together with Gokul Rajaram (Caviar Lead at Doordash).
Airmeet plans to make use of this funding to speed up expertise growth and develop its 60 member crew unfold throughout six nations to a 100 member crew. Part of the fund can even be used to broaden its buyer base globally.
Earlier in March, the corporate had raised $three Mn in a funding spherical led by Accel India. VentureHighway, Berlin-based World Founders Capital, AngelList, LetsVenture, and Sequoia Scout additionally participated within the spherical.
In addition to VCs, angel traders reminiscent of Unacademy cofounder Gaurav Munjal, redBus cofounder Phanindra Sama, Livspace cofounder Ramakant Sharma, CommonFloor cofounder Sumit Jain, Kawa Area founder Krish Nair, and Telenor Well being founder Sajid Rahman additionally participated within the spherical.
Airmeet is an internet assembly and occasion internet hosting platform, the place as a substitute of merely broadcasting the occasion, individuals can join with different occasion attendees for one-to-one and one-to-many on-line interactions. The remote-first startups claims to be an all-in-one platform that helps its customers to host, uncover, and attend distant occasions like skilled meetups and conferences
It gives digital tables, networking lounges, backstage, stage, claps and viewers reactions to individuals so as to recreate the reside environment on-line. It was based in 2019 by Lalit Mangal, Vinay Kumar Jasti, and Manoj Kumar Singh. Mangal was one of many founders of CommonFloor, whereas Jasti and Singh had been within the management crew on the proptech startup.
The corporate claims to have grown practically 2,000% during the last quarter organically, gaining one buyer each hour. As of July 2020, the corporate had hosted 10Okay occasions on its platforms, and goals to energy 1K occasions per day within the coming 12 months.
“Our mission is to make virtual events so effective and engaging that it should appear archaic to organise an on-ground event. We are already seeing an irreversible behaviour change among event organisers and an exponential rise in, what we call, ‘Digitally native events,” Mangal mentioned.
In line with a 2019 report by MarketWatch, the worldwide on-line assembly software program market is estimated to succeed in $6.23 Bn by 2024, registering a compound annual development charge (CAGR) of 11.1% in the course of the forecast interval from 2019 to 2024. Among the many on-line assembly platforms, Airmeet competes with the likes of INXPO, Zoho Assembly, Skype, BigMarker, amongst others.
[ad_2]
