Airmeet Secures 12 Million USD in Series A Fundraise

Airmeet, a Bengaluru-based virtual events startup, has secured 12 million USD in Series A fundraise. The latest funding round was led by Sequoia Capital India and Redpoint Ventures. The allocations will accelerate its plan of global expansion.

Airmeet (1), a virtual event organization platform, has recently secured 12 million USD in its Series A funding round. The Sequoia Capital India and Redpoint Ventures led the latest fundraise. Its existing investors, including Accel Partners India, Global Founders Capital, Gokul Rajaram, Caviar Lead of Doordash, and Venture Highway, also participated. 

The team is planning to utilize the latest infusions to accelerate its audience across the globe. The mission of Airmeet is to make compelling and engaging virtual events. It would make the events on-ground to appear antiquated. The world has started to witness an irreversible change in the event organizers’ behaviors. There is also an exponential acceleration in digitally native events, asserted by Lalit Mangal, Co-founder of Airmeet, in a press statement. 

As per the startup’s claim, the platform is observing a nearly 2000% growth in the last quarter. The team adds that the transition is entirely organic, with the platform gaining one new customer every hour. It has hosted over 10,000 events by July 2020 on its portal. It aims to power over 1,000 events each day. 


Airmeet to Have Huge Potential As the World is Under Digital Transition

Abhishek Mohan, VP, Sequoia Capital India, stated that the pandemic had accelerated a permanent behavior transition across several industries. Many traditional spaces are now shifting towards digitization.

Airmeet has considerable potential as a player driving the initiatives towards online events. The startup aims to create a global platform that will enable millions of community managers and organizers to engage and expand their customer base. 

The startup has organized several events, including meetups, virtual team cafes, job fairs, resource fairs, and conventions. Airmeet is founded by Lalit, co-founder of CommonFloor, and other ex CommonFloor executives Manoj Singh and Vinay Jaasti.

It aims to accelerate its technology developments and hire new talent. It has successfully powered virtual events for major educational institutes like Florida International University and professional communities, including Microsoft and Linux Foundation. 

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Ola Electric announced the acquisition of Etergo BV. Ola Electric has also announced its entrance into the premium electric two-wheeler market

Is Etergo’s acquisition brewing trouble for Investors?

Ola Electric Mobility Pvt Ltd had announced (1) the acquisition of Etergo, the Amsterdam-based electric scooters company. Ola Electric aims to leverage the design and...
From a website that only offered menu details to a full-fledged food ordering app, Zomato's rise has been rocking the birth of a new industry.

Zomato Revolutionizing the Food Industry

Beginning something like Zomato was out of an experience. One fine morning, Pankaj Chaddah and Deepindar Goyal were in Delhi's office when they saw...
The Indin government had warned Amazon and Flipkart to comply with the new rules and specify the product's country of origin, Amazon was also penalized.

The ‘Country of Origin Rule’ and Why it Matters to India?

India's government has fined ecommerce giant Amazon 25,000 INR for not displaying mandatory information, including the country of origin for its products (1). Last...
Stripe, one of the world's leading digital payment players, will soon penetrate Southeast Asia and India to expand its overseas activities.

Is Stripe’s entry to e-commerce Asia a bet on risk or return?

The entry of global players such as PayPal, Payoneer, and now Stripe in the Asia Pacific region validates the increasing market opportunity and evolving...
Paytm is also on its path to become a super app and give its users an all-in-one experience by offering a bundle of services.

Paytm Paving into a Super App, Expand its Service Offering

Paytm has pulled another conquest when the marketing reckon that it would take a kickback. Earlier, when there was buzz that Paytm is venturing...
The recent discussion now involves a massive data leak that put the information of students, teachers, and much more in crisis for WhiteHatJr.

WhiteHatJr Data Leak Controversy: Unfolded

Not too long ago, a live online coding platform for children, White Hat Jr., scripted a dream escape for itself. Byju's, the poster boy...
The story of Ashok Varma could be deemed as the most praiseworthy and controversial story of an ideal mind whose focus was to shift the market.

Meticulous and determined till the end: the story of Ashok Varma

Our world has been most captivated by the ideas of extreme players who took the world by storm, some who pulled the stock market...
It has been understood that Google, has been in talks or is in a state of mind to acquire Sharechat, the Indian social media platform.

Is Google taking the right measures to acquire Sharechat?

Sharechat has been India's go-to to engage in a short video and take a peek or have fun after the ban of the international...