ANI PR Wire
16 Jan 2023, 23:45 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 South East Asia Post 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 South East Asia Post.
More InformationTOKYO, Japan: Japanese Prime minister Fumio Kishida said this week that it was "now or never" for Japan, one of ...
WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...
WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...
OTTAWA, Canada: Canadian Prime Minister Justin Trudeau's Liberal government plans to implement its long-awaited workforce transition bill, the "Just Transition," ...
TOKYO, Japan: The Yomiuri newspaper has reported that Japanese Prime Minister Fumio Kishida is planning to visit Kyiv in February ...
HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
SEATTLE, Washington: Amazon.com's cloud services division, Amazon Web Services (AWS), has announced that it will expand its data centers in ...
NEW YORK, New York - U.S. stocks crumbled on Wednesday as the extended rally on Wall Street came to an ...