NEW DELHI: Virtual events platform Airmeet has raised $12 million in Series A funding led by new investors Sequoia Capital India and Redpoint Ventures. "With digitization of largely traditional spaces leapfrogging by years, the $800+ billion global offline events space is up for grabs. There is massive potential for players who drive the industry’s transition towards online-events", said Abhishek Mohan, vice-president, Sequoia Capital India LLP. "Our mission is to make virtual events so effective and engaging that it should appear archaic to organise an on-ground event. Currently, 30% of his customer base is global, spread across the US, Europe, Singapore and Japan and 70% in India.

Source: Mint September 15, 2020 12:11 UTC