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Lovelocal Raises $18 Million Funding Round Led By Vulcan Capital

Lovelocal Raises $18 Million Funding Round Led By Vulcan Capital

10/28/21, 12:30 AM
Money raised
$18 million
Industry
other
community and lifestyle
LoveLocal, an aggregator of hyper-local retailers, has raised $18 million (Rs 143 crore) in a funding round led by Vulcan Capital, which was founded by Microsoft cofounder Paul Allen.

Company Info

Company
Love Local
Additional Info
The company has so far raised about $30 million, including the latest round. The company said it has grown 40x in transaction volume terms since inception and currently serves over 35 cities and 1,300 pin codes across India. The Mumbai-based startup will utilise the funds for product development, hire people, and accelerate growth and expansion across tier 1-3 cities across India. Launched in 2020 and founded by Akanksha Hazari, LoveLocal provides subscription-based software solutions to local retailers and operates a hyperlocal online marketplace. LoveLocal is in the process of partnering with some of the players with hyperlocal delivery ambitions “because they've seen that we can scale more efficiently and we have a larger product catalogue, so in the metros our role would be to actually help them.
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