From saying ” We need to provide top-class coaching to our chess players” to bringing $4.5 Mn up in a pre-Series A subsidizing round HobSpace has come a long way.
The financing round was driven by Mankekar Family Office, Artha Venture Fund, Siddharth Shah, and API Holdings’ Dharmil Sheth.
HobSpace has globally evaluated educators and it executes classes in India, North America, the UK, and many others.
A Dive Into The Story Of HobSpace
Established in 2019 by Priya Goel Seth, Bhaskar Raju Konduru and Harsh Jain HobSpace desired to create a space to give a holistic opportunity for growth to youngsters.
HobSpace brought their internet-based chess learning platform. Which provided a stage to give mental deftness abilities to kids globally.
HobSpace is a stage for online and offline extra-curricular exercises for youngsters matured 3-14 years.
The prime goal was to provide youngsters with venues for extra-curricular practices after their school exercises. For that, they aimed to utilize School structures, playgrounds, and public venues.
It has collaborated with schools and expert mentors to give preparing and lead illustrations because of youngsters’ leisure activities and sports necessities.
The startup raised a seed round of subsidizing driven by the beginning phase miniature investment firm Artha Venture Fund. in October 2020.
Aiming Ahead With The Raise
“When champions are made it encourages a lot of children. They will all need experts and they will come to the game. And it’s like a silent wave of players coming to the game which people don’t understand.”
The startup professes to have instructed chess to more than 15,000 youngsters across the globe.
“We are building an elite web-based worldwide chess institute. This new round of subsidizing will permit us to utilize innovation to extend the worldwide chess local area and empower youngsters can get chess mentoring.” ~ Bhaskar Raju Konduru
The startup will likewise utilize the raise to increase interest in innovation and speed up item advancement. And will utilize the funding to put resources into innovation to improve the general insight for the students.
With the opponents like Crejo, Victorious Chess Academy, CodingHero, Kaabil Kids and more HobSpace is giving a tough competition.
If we look at the records about 50,000 chess players are officially enlisted in India and a million individuals are playing in neighborhood competitions all around the country.
Around 70% of the grown-up populace (US, UK, Germany, Russia, India) has played chess sooner or later in their lives,
Today in India numerous chess mentors work solely online with paces of $30 an hour or more than normal. All the chess-driven organizations just like HobSpace are Creating a healthy competitive environment to allow chess players to rise through the ranks from a young age and learn to take on players of similar abilities to grow.
“In chess, knowledge is a very transient thing. It changes so fast that even a single mouse slip sometimes changes the evaluation” ~Indian Grand-Master Viswanathan Anand
With HobSpace taking over the Chess Space in the country the hopes are high and a lot is expected to come ahead of this.