Airmeet, a startup that gives a platform to host digital occasions, stated on Tuesday it has raised $12 million in a brand new financing spherical because the Bangalore-headquartered agency demonstrates accelerating progress in its person base.
Sequoia Capital India led the $12 million Collection A financing spherical in one-year-old Airmeet. Redpoint Ventures and current buyers Accel India, Enterprise Freeway, International Founders Capital (GFC), and Gokul Rajaram (Caviar Lead at Doordash) additionally participated within the spherical.
Airmeet permits customers and companies to host interactive digital occasions. Its platform intuitively replicates points of a bodily occasion, providing a backstage, clubbing folks to a desk, permitting members to community with one another, and even allow occasion organizers to work with sponsors.
In an interview with TechCrunch, Lalit Mangal, co-founder of Airmeet, stated the startup’s at present hosts greater than 1,000 occasions a day. The platform’s utilization has grown 2,000% over the past quarter with none funding in commercial, he stated.
In latest months, Airmeet has labored to increase the use instances of the platform. Along with internet hosting giant conferences, Airmeet is now additionally getting used for skilled meetups at giant movie festivals, he stated. Just lately it held college useful resource festivals and technical business summits.
“Covid-19 has accelerated a everlasting behavioral shift throughout many industries. With digitization of largely conventional areas leapfrogging by years, the $800+ billion world offline occasions house is up for grabs. There’s huge potential for gamers who drive the business’s transition in the direction of online-events,” stated Abhishek Mohan, VP at Sequoia Capital India, in an announcement.
Airmeet is constructed on prime of WebRTC, a typical that almost all trendy browsers observe. This has enabled Airmeet to be absolutely accessible via Chrome and Firefox. All of the classes are additionally end-to-end encrypted, stated Mangal. It doesn’t have a cellular app. Mangal stated folks have a tendency to make use of their laptop computer or desktop or their iPads for skilled occasions. (Customers can eat a session via their cellular browser, nevertheless.)
The startup, which is in the identical house as Hopin and Andreessen Horowitz-backed Run the World, will use the recent capital so as to add new options to Airmeet and likewise scale globally, stated Mangal.
“Airmeet’s mission is to create a worldwide platform to allow tens of millions of group managers and occasion organizers internationally to have interaction with and increase their viewers. And with Lalit and staff’s focus, execution and revolutionary considering, they’re strongly positioned to attain their aim,” stated Mohan.