The hiring would be across domains including business development, user engagement, product management, community management, content strategy, content moderation functions.
The Employee Investment Plan, which was announced in December 2020, was open to all employees of MPL. They could invest anywhere between USD 2,300 and USD 23,000 in the company to acquire stock.
The financing round also saw participation from Hyperplane Venture Capital and several angel investors. Elucidata will invest in go-to-market initiatives and in their data platform.
Dr. Hettich is the non-executive director of Hettich India private limited and he is also the Managing Partner of his own holding group, Dr. Hettich Beteiligungen GmbH.