About Hobspace
Hobspace is a company based in Mumbai (India) founded in 2019 by Dharmil Sheth, Bhaskar Raju Konduru, Nirupam Sheth, Priya Goel Sheth, and Harsh Jain. Hobspace has raised $6.39 million across 4 funding rounds from investors including Wellfound, Vistra ITCL and Artha Venture Fund. The company has 38 employees as of March 31, 2024. Hobspace operates in a competitive market with competitors including Primer, TalentGum, Classover, Magic Makers and Betabox, among others.
- Headquarter Mumbai, India
- Employees 38 as on 31 Mar, 2024
- Founders Dharmil Sheth, Bhaskar Raju Konduru, Nirupam Sheth, Priya Goel Sheth, Harsh Jain
- Stage Minicorn
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Sectors
ConsumerEducation
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eduk8 Learning Labs Private Limited
- Date of Incorporation 04 Jun, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.13 M (USD)5.84as on Mar 31, 2023
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Net Profit
-$2.71 M (USD)-163.19as on Mar 31, 2023
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EBITDA
-$2.66 M (USD)-163.16as on Mar 31, 2023
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Total Equity Funding
$6.39 M (USD)
in 4 rounds
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Latest Funding Round
$4.5 M (USD), Seed
May 13, 2022
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Investors
Wellfound
& 75 more
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Employee Count
38
as on Mar 31, 2024
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Funding Insights of Hobspace
Hobspace has successfully raised a total of $6.39M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4.5 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $4.5M
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First Round
First Round
(20 Apr 2020)
- Investors Count 76
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Hobspace | Valuation | Artha Venture Fund , Shivanand Shankar Mankekar | |
| Oct, 2021 | Amount | Seed - Hobspace | Valuation | Kedar Shivanand Mankekar , Kedar Shivanand Mankekar | |
| Jan, 2021 | Amount | Seed - Hobspace | Valuation | Inflection Point Ventures , Amin Safani |
Investors in Hobspace
Hobspace has secured backing from 76 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Wellfound, Vistra ITCL and Artha Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in Indian startups across various sectors.
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Founded Year | Domain | Location | |
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Single family office of Shivanand Shankar Mankekar, founder of manekar family office
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hobspace
Financial Statements - Hobspace
Hobspace Comparisons
Competitors of Hobspace
Hobspace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Primer, TalentGum, Classover, Magic Makers and Betabox, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment gateway solutions are offered to merchants and businesses.
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| domain | founded_year | HQ Location |
Online extracurricular courses for kids are provided by TalentGum.
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| domain | founded_year | HQ Location |
SaaS-driven after-school learning solutions are offered to students.
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| domain | founded_year | HQ Location |
Coding education is provided to children aged 7-18 through workshops.
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| domain | founded_year | HQ Location |
Online platform providing learning resources and supplies for students to make DIY projects
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Frequently Asked Questions about Hobspace
Hobspace was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Hobspace is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Hobspace is a funded company, having raised a total of $6.39M across 4 funding rounds to date. The company's 1st funding round was a Seed of $136.63K, raised on Apr 20, 2020.
As of Mar 31, 2024, the latest employee count at Hobspace is 38.
Annual revenue of Hobspace is $1.13M as on Mar 31, 2023.
Platform offering out-of-school activities for kids, focusing on personalized learning experiences and extracurricular development. It has partnered with schools and specialist trainers to provide personalized curriculum and live online interactive classes.
Hobspace has 76 investors. Key investors include Wellfound, Vistra ITCL, Artha Venture Fund, Upsparks Capital, and Siddharth Shah.
The valuation of Hobspace is $19.31M as of May 2022.