About LocalCircles
LocalCircles is a company based in Noida (India) founded in 2012.. LocalCircles has raised $2.39 million across 4 funding rounds from investors including Maharshi Commerce, Universal Trustee and 3bg Advisors & Managers. LocalCircles offers products and services including Community Platform and Invitation System. LocalCircles operates in a competitive market with competitors including Lagan Technologies, Atlas, Savvy Citizen, ActiVote and MicroPact, among others.
- Headquarter Noida, India
- Stage Minicorn
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Sectors
Government & Social Sector
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Localcircles India Private Limited
- Date of Incorporation 14 Jul, 2012
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$69.35 K (USD)-71.65as on Mar 31, 2023
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Net Profit
$-65.09 K (USD)-190.02as on Mar 31, 2023
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EBITDA
$-58.46 K (USD)-182.04as on Mar 31, 2023
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Total Equity Funding
$2.39 M (USD)
in 4 rounds
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Latest Funding Round
$1.62 M (USD), Seed
Jan 06, 2016
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Investors
Maharshi Commerce
& 13 more
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Employee Count
Employee Count
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Products & Services of LocalCircles
LocalCircles offers a comprehensive portfolio of products and services, including Community Platform and Invitation System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables users to create and manage local circles for discussions.
Facilitates inviting members via email or links for community building.
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Funding Insights of LocalCircles
LocalCircles has successfully raised a total of $2.39M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.62 million completed in January 2016. 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 4
- Last Round Seed — $1.6M
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First Round
First Round
(19 Sep 2012)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - LocalCircles | Valuation | Maharshi Commerce | |
| Oct, 2014 | Amount | Angel Round - LocalCircles | Valuation | Kim Gehrke | |
| Oct, 2013 | Amount | Angel Round - LocalCircles | Valuation | Jayant Chopde |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LocalCircles
LocalCircles has secured backing from 14 investors, including institutional and angel investors. Prominent investors backing the company include Maharshi Commerce, Universal Trustee and 3bg Advisors & Managers. 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 |
|---|---|---|---|---|
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Limited information available
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Founded Year | Domain | Location | |
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Offers trusteeship services to banks, corporates, NBFCs, and individuals in financial sectors.
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Founded Year | Domain | Location | |
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Advisory and management services are provided in Mumbai, India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LocalCircles
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LocalCircles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Localcircles Comparisons
Competitors of LocalCircles
LocalCircles 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 Lagan Technologies, Atlas, Savvy Citizen, ActiVote and MicroPact, 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 |
Citizen relationship management solutions are provided for local governments.
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| domain | founded_year | HQ Location |
Atlas is operated as an online community for government leaders.
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| domain | founded_year | HQ Location |
A mobile application designed to facilitate civic engagement and community participation.
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| domain | founded_year | HQ Location |
Provides nonpartisan app for voter education, official connections, and polling participation.
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| domain | founded_year | HQ Location |
Case management software is provided for government organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Localcircles
Frequently Asked Questions about LocalCircles
When was LocalCircles founded?
LocalCircles was founded in 2012.
Where is LocalCircles located?
LocalCircles is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is LocalCircles a funded company?
LocalCircles is a funded company, having raised a total of $2.39M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $92.98K, raised on Sep 19, 2012.
What is the annual revenue of LocalCircles?
Annual revenue of LocalCircles is $69.35K as on Mar 31, 2023.
What does LocalCircles do?
LocalCircles was founded in 2012 in Noida, India, as a social platform in the community engagement sector. Users are linked with government entities, cities, neighborhoods, interests, and other groups to discuss issues and seek information or assistance. Participation in initiatives is enabled through group memberships to support urban improvements. Access is provided via mobile applications for iOS and Android devices.
Who are the top competitors of LocalCircles?
LocalCircles's top competitors include Lagan Technologies, Atlas and Fala Cidadão.
What products or services does LocalCircles offer?
LocalCircles offers Community Platform and Invitation System.
Who are LocalCircles's investors?
LocalCircles has 14 investors. Key investors include Maharshi Commerce, Universal Trustee, 3bg Advisors & Managers, Sanjeev Bedekar, and Anand Gopal Mahindra.
What is LocalCircles's valuation?
The valuation of LocalCircles is $15.77M as of Jan 2016.
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