HONO has raised $5 million in a Series A funding round led by Aakash Chaudhry, Managing Director, Aakash+BYJU’s.
Chaudhry has made a personal investment of $4 million, his first outside the education sector. The startup has raised the remaining capital from other investors, including Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group.
With this investment, Chaudhry will join the company's Board of Directors and will be actively involved in guiding business operations.
The funds will be used to expand its operations across India, the Middle East, and Southeast Asia, increasing its market footprint and strengthening its product offering.