Hubilo raising $125 million from U.S. hedge fund, existing investors

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Since Hubilo started out as an events tech firm in India in 2015, its co-founders Vaibhav Jain and Mayank Agarwal have steered the company’s aggressive growth in digital events after physical events were scrapped due to the COVID-19 pandemic and Hubilo’s revenue dwindled.

Co-headquartered in San Francisco and Bengaluru, the company which has worked with more than 800 clients, said it plans to more than double its 300-strong headcount. Before the Series B funding, Hubilo had raised just $28 million since October 2020.