ANI PR Wire
16 Jan 2023, 19:15 GMT+10
Faridabad (Haryana) [India], January 16 (ANI/NewsVoir): The round was led by Research Capital's Douglas Penny, Largest investment banking firm of Toronto, Canada and also saw the participation of ex Global CEO of Bookings.com (Stoffer Anko Norden).
Startup Lanes, Marwari Catalysts and IVY Growth Associates played a important role in growth of the company.
Hobit, Founded during the first lockdown in 2020, by Gaurav Dua, Arpit Tyagi, and Lakshay Rohilla, Hobit is addressing the market for extracurricular activities/hobbies for working professionals and home makers where people learn from the industry's top-notch artists through Artificial Intelligence and Machine Learning.
Gaurav Dua, Co-founder & CEO (HOBIT) added, "Our goal is to help you learn in the best way possible, across categories and mediums. The next decade will see new paradigms of learning and for this, we're building a new model of community and learning that is a fundamental evolution of ed-tech."
Hobit Claims to have impacted 2 lakhs+ lives in India and UAE by helping users pursuing their favourite hobby.
Arpit Tyagi, Co-founder & COO further commented, In today's era, the biggest challenge for home makers & working professionals is of not getting enough possible time to pursue their hobbies. Hobit helps them to pursue their hobby at their convenient time and place with the help of artificial intelligence and machine learning.
Lakshay rohilla, Co-founder & CTO commented that, Hobit has seen tremendous growth in the past One year, Our community of like-minded individuals is seeing high engagement with average conversation started within the platform with each other is 3 minutes and platform is having 20+ minutes average user engagement time.
The non-academic EdTech startup will use the funds to strategically allocate for strengthening the technology & product, Penetrating in UAE and US market, user base expansion, strengthening the team, and accelerating its growth in order to expand its footprint in India and international markets.
This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Get a daily dose of Nepal National news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.
More InformationNEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Islamabad [Pakistan], July 10 (ANI): Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan's sister Aleema Khan has said that her brother...
Washington, DC [US], July 10 (ANI): US President Donald Trump announced a 50 per cent tariff on imports from Brazil, starting August...
Washington, DC [US], July 10 (ANI): US President Donald Trump on Wednesday announced a fresh round of tariffs on imports from seven...
Windhoek [Namibia], July 10 (ANI): Prime Minister Narendra Modi on Wednesday received a standing ovation and non-stop applause from...
Kathmandu [Nepal], July 10 (ANI): Nepali lawmakers have demanded a cross-border information sharing mechanism with China following...