About Local Play
Local Play is a company based in Bengaluru (India) founded in 2018 by Veena Kejriwal and Prajwal P was acquired by DailyHunt in June 2019.. Local Play has raised $180.75 thousand across 1 funding round from investors including DailyHunt, Orios Venture Partners and Dhimant Parekh. Local Play operates in a competitive market with competitors including Way2News, Knocksense, PublicVibe, Hoopy Services and Circle Internet, among others.
- Headquarter Bengaluru, India
- Founders Veena Kejriwal, Prajwal P
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
- Legal Name Quark Media Tech Private Limited
- Date of Incorporation 27 Jun, 2018
- Jurisdiction Bengaluru, Karnataka, India
-
Annual Revenue
$5.62 M (USD)2017.38as on Mar 31, 2023
-
Net Profit
$705.03 K (USD)278.12as on Mar 31, 2023
-
EBITDA
$-1.41 M (USD)-229.84as on Mar 31, 2023
-
Total Equity Funding
$180.75 K (USD)
in 1 rounds
-
Latest Funding Round
$180.75 K (USD), Seed
Aug 13, 2018
-
Investors
DailyHunt
& 6 more
-
Employee Count
Employee Count
-
Acquired by
DailyHunt
(Jun 20, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Local Play
Local Play has successfully raised a total of $180.75K through 1 strategic funding round. The most recent funding activity was a Seed round of $180.75 thousand completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $180,750
-
First Round
First Round
(13 Aug 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Seed - Local Play | Valuation | Orios Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Local Play
Local Play has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include DailyHunt, Orios Venture Partners and Dhimant Parekh. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on early-stage investments
|
Founded Year | Domain | Location | |
|
Multi-category news is curated and delivered in multiple languages.
|
Founded Year | Domain | Location | |
|
DP
Dhimant Parekh |
Founder of The Better India, angel investor in social impact startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Local Play
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Local Play
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Local Play Comparisons
Competitors of Local Play
Local Play operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Way2News, Knocksense, PublicVibe, Hoopy Services and Circle Internet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hyperlocal short news app is provided in multiple languages.
|
|
| domain | founded_year | HQ Location |
Provider of multi category news portal
|
|
| domain | founded_year | HQ Location |
An app-based platform is operated for multi-category news delivery.
|
|
| domain | founded_year | HQ Location |
Online platform for news articles on sports, entertainment, and current events worldwide.
|
|
| domain | founded_year | HQ Location |
Local news portal with a focus on Uttar Pradesh
|
|
| domain | founded_year | HQ Location |
Kannada-language online news and information are provided across categories.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Local Play
When was Local Play founded?
Local Play was founded in 2018.
Where is Local Play located?
Local Play is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Local Play a funded company?
Local Play is a funded company, having raised a total of $180.75K across 1 funding round to date. The company's 1st funding round was a Seed of $180.75K, raised on Aug 13, 2018.
What is the annual revenue of Local Play?
Annual revenue of Local Play is $5.62M as on Mar 31, 2023.
What does Local Play do?
Local Play was founded in 2018 in Bengaluru, India, as an online news platform focused on video content. Short clips, limited to one minute and in Hindi, cover local jobs, market updates, events, announcements, and related information. Operations center on providing accessible digital media for regional audiences in the media and information sector.
Who are the top competitors of Local Play?
Local Play's top competitors include Way2News, Hoopy Services and Knocksense.
Who are Local Play's investors?
Local Play has 7 investors. Key investors include DailyHunt, Orios Venture Partners, Dhimant Parekh, Gopinath G, and Nanjunda Ravi Shankar.
What is Local Play's valuation?
The valuation of Local Play is $986.52K as of Aug 2018.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.