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

Biyani, Reliance, and Amazon are back on the news, and this time, it's a victory for the two "Indian" Giants as they now reach the final goal of their path.

The ‘Future looks bright for the Biyani-Reliance deal as it concludes on equal grounds

2020 has been a year of drama for everyone as well as for Mr. Kishore Biyani. The man who's industrialism and idea of a...
The reptile market is booming and falling at the same time. Booming to a new trend of attractive fashion offered by fashion houses.

How the Animal Hide industry falls endangered to Environmental campaigns?

Trade-in wildlife is a driving force of the biodiversity crisis. Unregulated or unregulated trade in wildlife can lead to unsustainable exploitation of wildlife populations....
After Facebook, considering the growing Internet penetration and young population, Twitter is also actively looking to expand its user base in India.

Why Twitter has shifted its focus to India with a sharp eye for international...

Twitter is a reflection of what's happening across the globe and what people are talking about. It is a real-time microblogging platform launched in...
During November and December, many companies and start-ups have put up an IPO, an initial public offering to increase capital and increase investor growth.

How Nazara’s IPO launch can boost itself to larger domains?

Cricket game developer Nazara Technologies Ltd, supported by billionaire Rakesh Jhunjunwala, became the first Indian gaming technology company to launch mobile entertainment in the...

Prarambh, Indian Startup Ecosystem, and Modi Government

The Indian Prime Minister Narendra Modi had announced a Startup India seed funding worth 1,000 crores INR to allow Indian startups to secure initial...
Byju's is setting up a record fo acquiring the best of the startup sector and with the latest acquisition of Aakash Educational Services Limited.

Is Byju’s aiming at monopoly with the 1 billion dollar acquisition of Aakash?

The education sector is rapidly changing. The way of education itself is changing, but at what rate? Is it alarming, or is it unprecedented?...
One can improve several areas of one's entrepreneurial, business, and leadership skills with the Art of War by Sun Tzu. Let's take a look at these lessons.

‘The Art of War’: Startup Lessons for Modern Entrepreneurs

The Art of War by Sun Tzu is a book that focuses on military strategy, written about 2,500 years ago. Even though the book...
The CoWin app is the news of the Nation. An Indian extension of the eVin app introduced by the United Nations has developed the vaccine's beneficiaries.

Will CoWin’s unique process encourage a clean vaccine drive for India?

The Nation has been through a lot during the past nine months. Millions of cases and thousands of deaths had hampered the decisive ability...