Hubilo raises $125 million in round led by Alkeon Capital

New Delhi: Virtual and hybrid events platform Hubilo on Tuesday said it has raised $125 million (about Rs 943 crore) in funding, led by Alkeon Capital. Lightspeed Venture Partners and Balderton Capital also participated in the Series B round. With this, the company has raised $153 million so far.

The startup will use the fresh capital to enhance its growth by developing new business functions, advance innovation of its platform, strengthen its product, engineering, and design teams in India, and go-to-market teams in the US, the UK, Europe, Middle East and Africa (EMEA) and Asia Pacific.