About Locket
Locket is a company based in London (United Kingdom) founded in 2020. It operates as a SaaS (Software-as-a-Service), and Two-Sided Marketplace. The company has 11 employees as of May 31, 2022. Locket offers products and services including Locket Connect Platform, Locket Connect Marketplace, and Insurance Wallet. Locket operates in a competitive market with competitors including Aviva, RAC, Hometree, Lloyd’s and Urban Jungle, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 31 May, 2022
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Sectors
Financial Services
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Phone
*********
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Website
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- Legal Name It’S Not 1999 Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
11
as on May 31, 2022
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Products & Services of Locket
Locket offers a comprehensive portfolio of products and services, including Locket Connect Platform, Locket Connect Marketplace, and Insurance Wallet. 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.
A SaaS platform for insurance claims prevention solutions.
Marketplace offering deals on safety and security products.
Tool for managing insurance policies within an app.
Funding Insights of Locket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Locket
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Locket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Locket Comparisons
Competitors of Locket
Locket 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 Aviva, RAC, Hometree, Lloyd’s and Urban Jungle, 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 |
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| domain | founded_year | HQ Location |
Insurance and asset management services are offered in multiple regions.
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| domain | founded_year | HQ Location |
Vehicle parts and accessories are sold via an online platform.
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| domain | founded_year | HQ Location |
Provider of an online platform for home insurance
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| domain | founded_year | HQ Location |
Insurance carrier services are provided globally by Lloyd’s.
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| domain | founded_year | HQ Location |
Online home contents insurance platform for renting and sharing individuals
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| domain | founded_year | HQ Location |
Insurance services are provided by Athora in the United Kingdom.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Locket
Frequently Asked Questions about Locket
When was Locket founded?
Locket was founded in 2020.
Where is Locket located?
Locket is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does Locket have?
As of May 31, 2022, the latest employee count at Locket is 11.
What does Locket do?
Locket Connect is operated as a prevention-first SaaS platform tailored for the insurance industry. Solutions are provided to prevent and reduce claims through smart technology integration with devices to avert incidents like leaks, fires, and burglaries. Revenue is boosted by creating upsell and cross-sell opportunities via tools like the Insurance Wallet. Customer loyalty and trust are built through reward systems and emergency toolkits. The platform also includes a marketplace for safety and security products, alongside educational content developed with experts. Analytics dashboards are offered to demonstrate return on investment for clients in the insurance sector.
Who are the top competitors of Locket?
Locket's top competitors include RAC, Aviva and Urban Jungle.
What products or services does Locket offer?
Locket offers Locket Connect Platform, Locket Connect Marketplace, and Insurance Wallet.
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