LoveLocal, a Mumbai, India-based hyper-local e-commerce platform, raised $18m (INR 143 crores) in a Pre-Series B funding.
The round was led by Vulcan Capital, and also includes participation from Klarna Founder & CEO Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures, angel investors Nami Zarringhalam, Co-founder of Truecaller, Sriram Krishnan, General Partner at Andreessen Horowitz, Anna Lambert, Director of Product Acceleration at Shopify, Sarah Jones Simmer, CEO of Found & ex-COO of Bumble, Arpan Sheth, Senior Partner at Bain & Company, and others. Existing investors Blume Ventures, AC Ventures, HenkelX Ventures, Chiratae Ventures & Candy Ventures also invested.
Launched in January 2020 by Akanksha Hazari, CEO, LoveLocal is an e-commerce platform empowering local retailers in 35+ cities across India and digitising the $1.1 trillion unorganised retail market.
FinSMEs
28/10/2021