Content Startup Lokal Raises $14.6 Million Funding From Global Brain, Sif, Others
Amount Raised
$14.6 Million
Round Type
Funding Round
BengaluruCommerce And ShoppingDescription
Lokal, a news and classifieds platform focused on regional languages, on Tuesday said it has raised Rs 120 crore ($14.6 million) from new investors Global Brain, Sony Innovation Fund — both Tokyo-based venture capital firms — and others.The funding round, dubbed Series B, also saw participation from India Quotient and other existing investors, the statement said. What the funds will be used forThe Bengaluru-headquartered company will use the fresh funds to expand in existing markets, launch new categories and product capabilities, and strengthen the product and technology teams further, it said.In total, the company has raised over Rs 225 crore ($27.5 million) so far. Lokal’s other marquee investors include 3one4 Capital, India Quotient, and Y Combinator.Founded by Jani Pasha and Vipul Chaudhary in June 2018, Lokal provides users in tier II and III cities and beyond with hyperlocal information such as daily updates, commodity prices, local jobs, real estate, matrimonial, local business advertorials, and classifieds.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories“We see a natural growth in the non-English speaking population’s usage of internet-based services, creating the need for alternate social platforms like Lokal. We look forward to supporting the team as they expand across the fast-growing advertising market,” said Gen Tsuchikawa, CEO and Chief Investment Officer of Sony Ventures Corporation
Quick answer
Lokal raised $14.6 Million in a Funding Round round, dated April 25, 2023. Lokal is based in Bengaluru, Karnataka, India.
- How much did Lokal raise?
- Lokal raised $14.6 Million in a Funding Round round on April 25, 2023.
- What does Lokal do?
- Founded in 2018, Lokal is on a mission to strengthen hyperlocal communities by enabling its mostly non-English users to share, interact and transact in their regional language.
- Where is Lokal based and how big is it?
- Lokal is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Lokal?
- Fundz holds 1 contact at Lokal. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Commerce And Shopping around the same time
Companies in the same sectors as Lokal that raised within 45 days of this round, from Fundz verified event records.
- Crio Inc. raised $1.8M (Series B) on June 2, 2023.
- Liquid MarketPlace raised $525K (Seed) on June 2, 2023.
- Vartana raised $20M on May 31, 2023.
- HELIXintel raised $17M on May 25, 2023.
- Purplle raised an undisclosed amount (Funding Round) on May 24, 2023.
- Pledge raised $10M (Funding Round) on May 17, 2023.
Who to call at Lokal, and when
A new round usually means Lokal is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lokal raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lokal, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Lokal. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Lokal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Lokal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.