Technology for MSMEs: The virtual meet-up and occasion platforms have helped compact companies stabilize and cruise via the pandemic’s limitations without having worrying about organization disruption and also fully grasp the future of remote work by bringing men and women with each other across geographies, Lalit Mangal, Co-founder and CEO of Sequoia-backed Airmeet told TheSpuzz Online. The platform dubbed as Zoom’s option in India also competes with other equivalent apps such as Google Meet, JioMeet, Microsoft Teams, VConSol, Cisco, Webex Meetings, and so forth. Mangal had last co-founded the prominent genuine estate portal CommonFloor that was acquired by Quikr in 2016 for $200 million.
Despite obtaining a lot of video conferencing items in the marketplace, compact companies and startups had faced issues in bringing personnel with each other to attain their mission and vision in the post-pandemic world. Communication had, in truth, develop into unidirectional in a remote atmosphere. As a response to the current circumstance and to stay on leading of arranging and tactic development, companies have been essential to adapt to the new atmosphere to yield development. This made entrepreneurs and their personnel drop momentum and interest as it became tough to connect with personnel and establish a work culture remotely. Besides these, personnel have been hoarded with armies of meetings, producing them drop productive hours.
The pandemic also brought in a lot of limitations in organization expansion methods. While hosting events on video conferencing platforms became a norm, even so, “It did not produce meaningful results. Since events in these platforms are not engaging and did not give space for networking, it affected the rate of growth of young businesses. Moreover, customer retention and expansion became a problem,” mentioned Mangal.
Subscribe to TheSpuzz SME newsletter now: Your weekly dose of news, views, and updates from the world of micro, compact, and medium enterprises
As compact companies earlier incurred substantial economic investments and organizational logistics for operating an complete workplace, operating remotely via virtual events platforms could reduce down the price of workplace spaces, upkeep, and staffing. Consequently, it led to the development of platforms such as Airmeet as nicely. In the previous 1.5 years, Mangal mentioned Airmeet grew to more than a 300-member group and more than 2,400 prospects like Nasscom, Walmart, Infosys, Accenture, Microsoft for Startups, University of Toronto, Chargebee, Florida International University, and so forth.
Airmeet can concurrently host up to 1 lakh attendees on its platform. “We cater to a global audience since the logistics, efforts, and resources that went behind the live events were tremendous and all these constraints were restricting the scope of knowledge sharing across the globe. We have seen constant growth during the lockdown when compared to pre-Covid times,” added Mangal. The platform claimed it last month hosted the world’s biggest remote work summit with the participation of more than 800 men and women from more than 35 nations. The worldwide video conferencing marketplace is probably to scale up from $9.2 billion in 2021 to $22.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.7 per cent, as per MarketsandMarkets, as Covid has triggered a transition toward remote working amongst the workforce.