Lunch club, a social network for professionals, officially launches in India
Mumbai: Lunchclub, an associate AI-powered social networking platform that uses machine learning algorithms to attach professionals, has formally launched in Asian countries.
Mumbai: Lunchclub, an associate AI-powered social networking platform that uses machine learning algorithms to attach professionals, has formally launched in Asian countries.
Pritish Nair, WHO was antecedently at Prodigy Finance and GrabOn, has been appointed as Asian country lead of the platform. The service—which nowadays is liberated to use, can before long have a layer subscription model for its users.
Backed by Lightspeed Venture Partners, Andreessen piano player, and Coatue Management among others, Lunchclub’s active user base in Asian countries has grown up twenty times since it launched beta operations in mid-2020, founding father and chief govt Vladimir Novakovski told ET.
“We saw reasonably pretty-fast growth across the board, however, I believe Asian country was really even a lot of this than a number of the core U.S.A. cities,” Novakovski aforementioned. “What was attention-grabbing to check is that folks from totally different industries, as well as media, amusement, finance and not simply individuals from technical school, are sign language up.”
Lunch club aims to own a user base of one hundred,000 members in Asian countries by the top of 2021. For that, it's partnered with shared space supplier WeWork moreover as Hyderabad-based accelerator T-Hub. the corporate is additionally operating with the alumni communities of prime business colleges just like the Indian college of Business (ISB) and also the Indian Institutes of Management (IIMs).
Founded by Novakovski and Scott Wu dialect in 2017, the social network raised $24.2 million in an exceedingly Series A funding spherical crystal rectifier by Lightspeed at a valuation of $100 million. it's raised a complete of $30 million from investors as well as Andreessen piano player and Coatue.
The company claims to own achieved 15X growth in 2020 alone. it absolutely was launched as an associate invite-only caretaker service for in-person introductions however pivoted to video calls once the pandemic hit last March. The platform is accessible through a mobile app or application.
“India could be a key world destination once it involves skilled networking,” Novakovski aforementioned in an exceeding statement. “Post-pandemic, whereas the necessity to ascertain quality skilled connections is unbroken, there's a requirement for a channel that might facilitate kind meaty conversations while not winnow through hordes of individuals.” “Being a digital AI-led platform, we tend to square measure ready to supply access to the foremost relevant professionals everywhere the globe,” he added.
The platform may function as a networking hub for native startups, Nair said.
“Already third on the world list of nations with the best range of unicorns there lies associate huge potential to hurry things up with the networking tools Lunchclub provides — from building groups, raising investment, onboarding service suppliers, or something in between,” he said.