Airmeet: Revolutionizing Virtual Event Solutions

In today's fast-evolving digital landscape, Airmeet stands as a leader in virtual event platforms. Founded in 2019, Airmeet empowers organizations and individuals to host interactive, large-scale, and highly engaging virtual events. From virtual conferences and networking expos to webinars and trade shows, Airmeet is transforming the way people connect online.

Key Highlights

• Launch Year: 2019
• Headquarters: Bengaluru, India
• Industry: Virtual Event Technology
• Founders: Lalit Mangal, Manoj Kumar Singh, Vinay Kumar Jasti
• Employee Strength: 200+ worldwide
• Product: Airmeet – A versatile virtual event platform offering customizable event spaces, live interactions, and virtual networking lounges.
• Target Clients: Education, healthcare, tech, finance, and government sectors.

About Airmeet and the Virtual Event Industry

The virtual event industry is booming, driven by the need for scalable, interactive digital experiences. Airmeet is uniquely positioned to cater to this growing demand by offering seamless virtual event solutions for organizations worldwide. As businesses, educational institutions, and conferences shift to digital platforms, Airmeet delivers unparalleled engagement through its innovative features like interactive lounges, live Q&A sessions, and customizable stages.

With the global virtual event market projected to grow at a CAGR of 23.2%, Airmeet continues to stand out as a go-to solution for interactive, scalable virtual events.

Founders and Team

The founding team of Airmeet brings vast experience in tech innovation:

• Lalit Mangal: Co-Founder & CEO, previously co-founded CommonFloor.
• Manoj Kumar Singh: Co-Founder & CTO, heads the technical aspects to ensure scalability.
• Vinay Kumar Jasti: Co-Founder & CPO, focuses on enhancing user experience.

Together, the Airmeet team comprises tech innovators, product developers, and event experts committed to providing cutting-edge virtual event solutions.

Airmeet’s Startup Journey

Airmeet was born out of the founders’ realization that existing video conferencing tools, like Zoom, were insufficient for immersive, interactive digital events. Launched in 2019, Airmeet aimed to replicate the networking and engagement opportunities of in-person events, digitally. Since its inception, the platform has hosted thousands of events globally, from webinars to full-scale virtual expos.

Mission, Vision, and Objectives

• Mission: To empower organizations with advanced virtual event technology that fosters interactive, meaningful digital engagements.
• Vision: To be the global leader in virtual and hybrid event platforms, providing a user-friendly and scalable experience.
• Goals:
  1. Continually innovate with AI-powered networking features.
  2. Expand across global markets, including North America, Europe, and Asia-Pacific.
  3. Introduce hybrid event functionality to bridge the gap between physical and digital events.
  4. Achieve 200% revenue growth by 2025.

Business and Revenue Model

Airmeet operates on a SaaS (Software-as-a-Service) model, providing tiered subscription plans. Here’s an overview:

• Freemium Plan: Access to essential features for smaller events.
• Premium Plans: Tiered subscriptions offering advanced features like custom branding, networking tools, and priority support.
• Enterprise Solutions: Tailored packages for large-scale events with enhanced security and customization options.

Revenue is generated through subscriptions, with additional options for organizers to sell tickets or offer sponsored events. Explore more about Airmeet’s pricing.

Funding and Investors

Since its founding, Airmeet has raised significant capital:

• Seed Round: $3 million from Accel Partners, Sequoia Capital India, and Global Founders Capital.
• Series A: $12 million, bringing total funding to over $15 million.

The funds have driven product development, global expansion, and customer acquisition.

Shareholding, Growth, and Revenue

• Shareholding: Major stakeholders include the founders, Accel Partners, Sequoia Capital India, and Global Founders Capital.
• Growth: Airmeet has experienced rapid growth with a 150% revenue increase from 2020 to 2023, expanding its presence to over 120 countries.
• Revenue: Millions in Annual Recurring Revenue (ARR) are expected to grow further as more businesses adopt hybrid event models.

Competitors in the Virtual Event Space

Airmeet faces competition from several platforms, each offering unique features:

• Hopin: Known for hybrid event capabilities.
• Zoom Events: An extension of Zoom, focused on interactive webinars.
• Hubilo: Emphasizes attendee engagement with gamification.
• Brella: Specializes in AI-driven matchmaking.

Despite the competition, Airmeet distinguishes itself with its user-centric design, customizable features, and focus on engagement.

Future Plans

Airmeet’s roadmap includes:

1. AI-Powered Networking: Leveraging AI to enhance attendee matchmaking and session recommendations.
2. Hybrid Events: Expanding to hybrid events that combine physical and virtual formats.
3. Advanced Analytics: Offering deeper insights into attendee behavior and event performance.
4. Global Expansion: Focusing on the U.S., Europe, and emerging markets like Southeast Asia and Latin America.

FAQs About Airmeet

1. Who can use Airmeet? Airmeet caters to industries such as education, tech, finance, and healthcare. Any organization hosting virtual or hybrid events can use Airmeet.

2. How many attendees can Airmeet handle? Airmeet is scalable, supporting events with thousands of attendees.

3. Can events be monetized on Airmeet? Yes, Airmeet enables organizers to sell tickets and sponsorships.

4. Does Airmeet support hybrid events? Hybrid event support is part of Airmeet’s future roadmap, bridging physical and virtual attendee interactions.

5. How does Airmeet ensure security? Airmeet uses encrypted protocols and complies with GDPR to maintain high security and privacy standards.

Here are the latest updates on Airmeet as of October 2024:

As of October 2023, Airmeet continues to make strides in improving its platform with a series of updates designed to enhance user engagement and event hosting flexibility. Here are some of the latest features:

1. Higher Attendee Capacity: The platform now supports up to 1,000 participants in video calls, allowing larger events and virtual conferences to run smoothly. This expansion addresses the growing demand for larger online gatherings. For more on this, visit their official updates page​(Airmeet).

2. Backstage for Premium Webinars: Airmeet introduced a session-specific backstage area in Premium Webinars. This new feature allows hosts and speakers to prepare for upcoming sessions without interrupting live events, streamlining the hosting process and improving overall session management. Learn more about this on Airmeet's blog​(Airmeet).

3. Customizable Floating Banners: Aimed at improving user interaction and event promotion, Airmeet now allows hosts to add floating banners with event information during live sessions. This new feature reduces post-production efforts by displaying real-time updates to attendees. Check out additional details on their features page​(Airmeet)​(Airmeet).

4. Improved Recording Accessibility: Attendees can now access session recordings more easily through their community, facilitating continued engagement even after the event concludes. You can explore this update further here.

By continuously innovating, Airmeet remains one of the top virtual and hybrid event platforms, catering to the needs of organizations across various industries. For a complete rundown of their features and updates, visit their website.