About LocalOye
LocalOye is a company based in Bengaluru (India) founded in 2013 by Aditya Rao, Sidharth Rao, and Anupam Tulsyan. It operates as a B2C. 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 as of March 31, 2022. LocalOye operates in a competitive market with competitors including OneDios, Bro4u, Lookup, FindYahan and Just Call Services, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 31 Mar, 2022
- Founders Aditya Rao, Sidharth Rao, Anupam Tulsyan
- Stage Minicorn
-
Sectors
Business Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Imma Web Private Limited
- Date of Incorporation 16 Aug, 2013
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$0 (USD)-100as on Mar 31, 2022
-
Net Profit
$-1.62 K (USD)-265.18as on Mar 31, 2022
-
EBITDA
$-441.8 (USD)37.57as on Mar 31, 2022
-
Total Equity Funding
$5.21 M (USD)
in 2 rounds
-
Latest Funding Round
$5 M (USD), Series A
Apr 14, 2015
-
Investors
Lightspeed Venture Partners
& 3 more
-
Employee Count
1
as on Mar 31, 2022
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 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 Total Funding
- Total Rounds 2
- Last Round Series A — $5.0M
-
First Round
First Round
(01 Jun 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series A - LocalOye | Valuation | Tiger Global Management | |
| Jun, 2014 | Amount | Angel Round - LocalOye | Valuation | Haresh Chawla |
| 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 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. 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 and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
|
Founded Year | Domain | Location | |
|
SB
Sachin Bhatia |
Co-founder of TrulyMadly, angel investor in Indian 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 LocalOye
| 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 - LocalOye
| 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 |
Localoye Comparisons
Competitors of LocalOye
LocalOye 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 OneDios, Bro4u, Lookup, FindYahan and Just Call Services, 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 |
Local services are facilitated through an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
An online marketplace for local services
|
|
| domain | founded_year | HQ Location |
Online marketplace for multiple local services
|
|
| domain | founded_year | HQ Location |
Local services are searched and booked through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Provides an app-based platform for booking various local services.
|
| 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.
|
Latest news on Localoye
Frequently Asked Questions about LocalOye
When was LocalOye founded?
LocalOye was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is LocalOye located?
LocalOye is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is LocalOye a funded company?
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 01, 2014.
How many employees does LocalOye have?
As of Mar 31, 2022, the latest employee count at LocalOye is 1.
What does LocalOye do?
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.
Who are the top competitors of LocalOye?
Who are LocalOye's investors?
LocalOye has 4 investors. Key investors include Lightspeed Venture Partners, Tiger Global, Sachin Bhatia, and Haresh Chawla.
What is LocalOye's valuation?
The valuation of LocalOye is $12.21M as of Apr 2015.