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Delhi-based interactive e-learning platform, Habbit has announced that it has raised $320K in pre-seed round funding led by Ashok Goyal, ex-Supervisory Board Member, Sanjeev Goenka Group, ex-Managing Director, Philips Carbon Black and ex-President of KEC International, and others.
The round also saw participation from a clutch of well-known angel investors including Rajinder Mohan, Founder & CEO of RT Vision Technologies and Bitcomm Technologies, Gaurav Vij, Regional Head — East of Sanctum Wealth Management, Geeta Ahluwalia, Founder of Aanchal Apparels Private Limited, and Kunal Ojha S/O Vijay Ojha, Chairman, Techno Relief Group.
Habbit in its statement said that, “The raised funds will be primarily used towards growing their community of users, onboarding new mentors, and to further develop the product.”
Founded in September 2020 by Somnath Sandeep and Raghav Goyal, alumni of BITS-Pilani, Habbit is an experiential learning platform that connects passionate mentors and learners through live mentorship, engaging learning experiences, and community building.
Commenting on the funding, Somnath Sandeep, Co-Founder, Habbit, said, “In a world full of content and consumption, what is scarce is engagement and interaction through live mentorship and community. We have seen increasing validation for our business model and overwhelming adoption from our learners to immerse themselves in our lives learning experience and communities, especially college students, working professionals, and homemakers.”
“In just three months of full-fledged product launch, we have expanded our community to 5000+ learners and conducted 400+ learning sessions. We couldn’t ask for better partners than our current investors who have tremendous experience and strategic vision. The new investments will primarily accelerate product development, expanding our content, and creator base to cover unique learning experiences for our learners,” Sandeep added.
Speaking on the investment in Habbit, Ashok Goyal, Lead Investor, ex-Supervisory Board Member, Sanjeev Goenka Group, ex-Managing Director, Philips Carbon Black, and ex-President, KEC International in their joint statement said, “Though there are several learning platforms for enhancing professional skills, there are hardly any players that cater exclusively to creative learning. I believe that Habbit is solving a large unmet need in the market with its focus on creating a one-stop platform for learning creative and digital skills and hobbies. The young team has shown impressive growth within a short period. I am happy to be a part of their growth story.”
“With the world continuing to endure the effects of the pandemic, not only are people looking for creative ways to invest their time to avoid burnout from our everyday hustle but also pursue it as a side or main gig. Being a creator is increasingly becoming a satisfying as well as a sustainable occupation and lifestyle. At Habbit, you can discover your passion, find your tribe, share experiences and build life-long relationships,” Raghav Goyal, Co-Founder, Habbit, added.