Hubilo, a Gujarat-based tech startup operational in the Event Technology space, that provides integrated end to end online solutions for event organisers has raised an undisclosed amount of funding from a group of investors including Girish Mathrubootham, the Founder of Freshdesk. Hubilo serves as a single platform that makes events dynamically interactive and empowers event organizers to create, promote, manage and analyze a number of events effortlessly. Hubilo automates Event Website, HTML Emailers, White Label Event App, Ticketing and Networking Platform in 20 minutes which otherwise takes months for an event organiser to develop.
This round of angel investment in Hubilo has been made by a group of investors which include VC Karthic, Miten Mehta, Umasankar Nistala, Rakesh Patel, Akash Bhavsar, Jeevanandhan Rajagopal, Vikas Chadha, Ameet Rughani, Samad Makani, Avinash Raheja and Ashish Nanda, apart from Girish Mathrubootham.
Hubilo, founded in 2015 was incubated at iCreate with a Seed Fund of INR 15 lakh and had received a Scale up Grant of INR 8.9 lakh from the Government of Gujarat. With a user-friendly interface, Hubilo as an online convergence platform, integrates and customises a seamless technology solution for every event organiser.
Vaibhav Jain, Co-Founder & CEO of Hubilo said, “Organising an event is a tedious task wherein a multitude of activities are needed to be closely coordinated at all levels and can involve innumerable vendors as currently, more than 80% processes are done manually. We at Hubilo aim to automate this entire process of online management of events – taking over the mundane task that the organizers will be doing manually and allowing the software to do it in an easier and much more efficient way. With a strong team and vision in focus, we target to build the largest community of the event goers by powering all the major events held across the globe.”
With a take on the investment front, V C Karthik, Founder at Buzzworks said, “Along with an innovative technology and good market opportunity, the quality, commitment and integrity of the founders and the team was one of the factors that struck the chord right with all the investors. What fuelled our interest to invest in Hubilo was the growth momentum and we were able to see the growth of the company in terms of the product, traction and team at large, during the fundraising phase itself.”
Further talking about the product, Miten Mehta, Silicon Valley Angel Investor and Board Member said,“Hubilo’s AI driven deep learning application is equivalent of LinkedIn + Whatsapp – rolled in to one platform for event specific professional connections and engagement that leads to business opportunities like no other that I have seen or used in market today. I’m excited to work along with Vaibhav and team as strategic investor and board member to scale Hubilo growth and build value over next three years.”
The Asian market size for the Event Tech industry accounts for $60 billion market and is growing at a significant rate of 38 % since 2006. Thus, newly raised funding will primarily be used for expansion to new markets and technology upgradation as a part of company’s future plans.
Other startups operating in this segment are Explara, MeraEvents and Bookmyshow among others.