India, Feb. 25 -- Ahmedabad and San Francisco-based events startup Hubilo has raised $23.5 Mn in a Series A round led by Lightspeed Venture Partners. The round saw participation from the UK's Balderton Capital and Microsoft chair John W. Thompson, among other angel investors.

The startup helps businesses host virtual and hybrid events while providing real-time data and analytics. Besides introducing technological advancements to its core product, Hubilo plans to hire 150 employees to take its total employee strength to 300 by June this year.

Last year, amid the Covid-19 pandemic, Hubilo saw its business suffer due to the cancellation and postponement of physical events by its clients across corporate, leisure, media and entertainment, s...