Vibgyor acquires 50% stake in virtual platform Hoppover
Experiential agency Vibgyor Brand Services has recently acquired 50% stake in Hoppover, a fully immersive virtual event platform developed by Delhi-based technology firm TechChefz. The platform offers a variety of virtual event experiences right from static event hosting to a fully immersive 3D environment.
With this acquisition, Vibgyor will combine its 18+ years of on-ground event management experience with TechChefz’s robust technological experience. This will allow Vibgyor to expand its offline event expertise now to online events as well.
Hoppover has been developed in-house by the team at TechChefz from scratch and hosts the latest features to fulfill all needs of a successful virtual event. The platform provides multiple offerings, right from static event hosting to a completely immersive 3D environment. There has been an extensive use of AI and machine learning to make the platform intuitive.
Commenting on this new acquisition, Ankur Kalra, Founder & MD, Vibgyor, said, “Over the past year or so, the world of events has been completely transformed and a lot of these changes are irreversible. While we have been doing virtual events on various platforms for our clients for the last many months, we have always wanted to develop our platform. When we came across Hoppover, we realised that it had all the features we had thought of and more and therefore fit our requirement completely. We are absolutely certain that this product will do extremely well in the coming times and will be a great extension in our portfolio.”
Mayank Maggon, CEO & CTO, TechChefz, added here, “The pandemic changed the entire market and there was suddenly a need for various online platforms. After our extensive market evaluation, we realised there were hardly any ready platforms to host online events. Hoppover is a multi-environment virtual event platform that our in-house team has conceptualised and created during the pandemic, and I am very excited to say it’s a seamless virtual event platform. Along with this, we are extremely happy that Vibgyor has understood the value that Hoppover will add and has invested in the same to bridge the market gap. Going forward, we will continue to add many more intuitive features to meet the market requirements with the team’s inputs.”