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Virtual Meetup Management startup Airmeet raises $3Mn in round led by Accel

Airmeet has raised an amount of $3 million funding in a round led by Accel India.

Airmeet, the Bengaluru-based all-in-one platform to anchor, invent and participate fully remote events like seminars and professional meet-ups, has raised an amount of $3 million funding in a round led by Accel India. The startup was brought up and founded by Lalit Mangal, who is the Co-founder of Common Floor along with other former Common Floor executives Vinay Jaasti and Manoj Singh. 

Lalit Mangal in a statement recently said that they are excited and are looking forward to the upcoming future where space won’t matter for big minds to come together as one collective team and create knowledge. They are planning to improve and upgrade the product. Also they are planning and plotting to support for event formats.

Moving forward active participation from Venture Highway, Global Founders Capital and angel syndicate of Cloud Capital, Better Capital, 100x Entrepreneur Fund, and Sequoia Scout was brought to notice.

Entrepreneurs and CXOs like Gaurav Munjal, Co-founder, Unacademy; Phanindra Sama, Founder, red Bus; Ramakant, Founder, Livespace; Sumit Jain and Vikas Malpani, founders of Common Floor; Kris Nair, Founder, Kawa Space; Sajid Rahman (of Telenor Health), and other ecosystem enablers had joined this particular round through syndicates on Angel List (Cloud Capital and Better Capital) and Lets Venture (100x Entrepreneur Fund).

Moreover, with the assistance of the platform the event organiser wouldn’t need a disparate zoom or Skype subscription. A meeting on Airmeet would be enough. 

Lalit also claimed that Airmeet events give a feel of personal event by giving a good chance and free flow video experience with other contestants on virtual tables and networking lounges, backstage, stage, claps, and audience reactions.

Furthermore, the Airmeet team is completely distant, with team members working out of different places and locations. 

In the month of December, Accel India had declared that it had closed its sixth India fund to the tune of $550 million. Additionally with this new capital, the VC firm will continue placing wagers in seed and early-stage startups across India despite the reigning sentiments of a slowdown.

-Authored by Farheen Malik (Content Developer, Startup-Monk)

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CIN- U74999DL2019PTC347107