Chatur Ideas backed Hubilo receives fund from Andhra Pradesh government
Mumbai: Hubilo, India’s first event management company developed by Vaibhav Jain based in Ahmedabad enables people to build network, websites and analyse events, has now received well appreciation in Global Entrepreneur Summit 2017 held in Hyderabad. Event Management being a multidimensional profile, Vaibhav had a startup idea to get this process easy for large scale events through an app which will help to analyse data, develop website, handle emails, manage ticket booking as well as promote number of events at the same time. Vaibhav had initiated this idea to Chatur Ideas, which raised funds from Angel investors in 2015 and also received seed funding of 10 lakh from Gujarat government in 2016. Hubilo has powered the most awaited event by all entrepreneurs Global Entrepreneur Summit 2017 held last week and during this event Vaibhav met Chief of Minister Andhra Pradesh’s N. Chandrababu Naidu and through tender process Hubilo received 11.62 crore to develop a website, app and provide a networking platform to citizens through Hubilo’s core products. The deal is contracted for period of two years. Chatur Ideas, Founder and CEO Devesh Chawla who has helped more than 650 startup and also mentors young minds says ‘‘I am elated that our portfolio company is expanding at such fast pace and giving positive returns to all shareholders who believed in the idea’’
