About LocalOye
LocalOye was a Business Services company based in Bengaluru (India) founded in 2013 by Aditya Rao, Sidharth Rao, and Anupam Tulsyan. It operates as a hosts a digital marketplace for multiple local services. It operates on a B2C model. LocalOye has raised $5.21 million across 2 funding rounds from investors including Lightspeed Venture Partners, Tiger Global and Sachin Bhatia. The company has 1 employees. LocalOye was last valued at $12.21 million in April 2015. The company is recorded as dissolved. Its focus areas include Services, Online Marketplaces, Local Services and Service Aggregation. Its legal entity in India is Imma Web Private Limited (U72200DL2013PTC256636). Its competitors include OneDios, Bro4u, Lookup, FindYahan and Just Call Services and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
LocalOye, founded in 2013 in Bengaluru, India, focuses on providing essential services, online marketplaces, local services, and service aggregation. Hosts a digital marketplace for multiple local services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Bengaluru, India
- Employees 1
- Founders Aditya Rao, Sidharth Rao, Anupam Tulsyan
- Stage Minicorn
- SectorsBusiness Services
- Website localoye.com
- Social X Facebook
- Legal Name Imma Web Private Limited
- Date of Incorporation 16 Aug, 2013
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹23,410
FY 2024
- Net Loss-₹42,530
FY 2024 · -182% margin
- EBITDA₹23,410
FY 2024 · 100% margin
- Total Equity Funding$5.21M (USD)
in 2 rounds
- Latest Funding Round$5M (USD), Series A
Apr 2015
- InvestorsLightspeed Venture Partners
& 3 more
- Employee Count1
Associated legal entities of LocalOye
LocalOye operates through Imma Web Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Imma Web Private Limited CIN U72200DL2013PTC256636 | Active | 16 Aug 2013 | New Delhi, Delhi | ₹0.0 Cr | – | 2 | View details |
Funding Insights of LocalOye
LocalOye has successfully raised a total of $5.21M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in April 2015. 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 $5.21M
- Total Rounds 2
- Last Round Series A — $5M
- First Round $213,120
(Jun 2014)
- Investors Count 4
All 2 funding rounds of LocalOye with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2015 | $5M | Series A | $12.21M | Tiger Global Management | |
| Jun 2014 | $213,120 | Angel Round | – | Haresh Chawla |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2015 | $12.21M | •••••••• |
Last known valuation $12.21M (Apr 2015). 4 investors in total: 2 institutional and 2 angel.
Investors in LocalOye
LocalOye has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Tiger Global and Sachin Bhatia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
SB Sachin Bhatia | Co-founder of TrulyMadly, angel investor in Indian startups | – | unknown_d4773a67a1f34d598 | - |
HC Haresh Chawla | Angel investor, ex-True North partner, media veteran, startup mentor | – | unknown_d6dd76be74a943f7b | - |
Investor details for LocalOye
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Imma Web Private Limited (LocalOye)
Imma Web Private Limited is the primary company behind LocalOye. The board of Imma Web Private Limited currently have 2 directors; the longest-serving is Aditya Rao, appointed in 2013. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Rao DIN 06630147 | Director | 16 Aug 2013 | 13 yrs 2 mo | Imma Web Private Limited |
| Ruchi Nandlal Mittal DIN 07640972 | Director | 26 Oct 2016 | 9 yrs 11 mo | Imma Web Private Limited |
People of LocalOye
3 people are tracked at LocalOye (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Anupam Tulsyan | ex-Co-Founder | Leadership |
Complete people profiles for LocalOye
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of LocalOye
Figures of Imma Web Private Limited, the primary company behind LocalOye, for FY 2024. Revenue was ₹23,410. Net loss was -₹42,530 (-182% margin). EBITDA was ₹23,410 (100% margin). Revenue has grown at a compounded annual rate of +2% over three years.
- ₹23,410Revenue · FY 2024
- -₹42,530Net loss · -182% margin
- ₹23,410EBITDA · 100% margin
- ₹14.8 LakhPaid-up capital
- +2%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Imma Web Private Limited are on its company page.
Detailed financial statements for LocalOye
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of LocalOye
4 dated milestones of LocalOye across 2 years, from founding to its latest funding, stage changes and deals.
- Founded LocalOye is founded.
- Funding First funding round of $213K.
- Funding Latest funding round, Series A, of $5.0M.
- Milestone Reaches Minicorn status.
Competitors of LocalOye
LocalOye has 6 listed competitors in our database, 3 of them funded. They include OneDios, Bro4u, Lookup, FindYahan and Just Call Services, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| onedios.com | 2019 | Noida, India | $2.26M | 74 | Local services are facilitated through an online marketplace platform. | |
| bro4u.com | 2014 | Bengaluru, India | $721,518 | 1 | An online marketplace for local services | |
| lookup.to | 2014 | India | $2.88M | – | Online marketplace for multiple local services | |
| findyahan.com | 2013 | Delhi, India | – | – | Local services are searched and booked through an online marketplace. | |
| just-calls.com | 2020 | Ahmedabad, India | – | – | Provides an app-based platform for booking various local services. | |
| mydude.co.in | 2020 | Erode, India | – | – | Offers an app-based platform for accessing multiple local services. |
Detailed competitors of LocalOye
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Local & Community Services
10 companies that operate in the same segment as LocalOye (Local & Community Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customers are connected with vetted professionals for on-demand home services. | 2014 | Gurugram, Haryana, India | USD 376.49 M | USD 165.84 M | 2,111 | |
App-based pet sitting marketplace | 2011 | Olympia, Washington, United States | USD 409.19 M | – | – | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 550 M | – | 969 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | 1,807 | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 435.92 M | – | 923 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Operates and franchises fitness clubs | 2002 | – | USD 4.49 M | – | 340 | |
Online marketplace that provides home repair & maintenance services | 2012 | New York, New York, United States | USD 112.67 M | – | – |
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Related news about Localoye
Complete news archive for LocalOye
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Frequently Asked Questions about LocalOye
LocalOye was founded in 2013 and raised its 1st funding round 1 year after it was founded.
LocalOye is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
LocalOye is a funded company, having raised a total of $5.21M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $213.12K, raised on Jun 2014.
LocalOye has 1 employees.
The primary company behind LocalOye, Imma Web Private Limited, reported revenue of ₹23,410 for FY 2024.
LocalOye, founded in 2013 in Bengaluru, India, focuses on providing essential services, online marketplaces, local services, and service aggregation. Hosts a digital marketplace for multiple local services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
LocalOye has 4 investors. Key investors include Lightspeed Venture Partners, Tiger Global, Sachin Bhatia, and Haresh Chawla.
The valuation of LocalOye is $12.21M as of Apr 2015.
LocalOye operates through Imma Web Private Limited.
The legal entities of LocalOye currently have 2 directors, including Ruchi Nandlal Mittal, Aditya Rao.