About Locopoco
Locopoco was a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2016. It serves as a mobile app for safety tracking and monitoring. It operates on a B2C model. Locopoco has raised $553.47 thousand across 1 funding round from investors including Accel. Locopoco was last valued at $2.11 million in April 2016. Its Indian entity Locopoco Technology Ventures Private Limited reported revenue of ₹14 Lakh. The company is recorded as dissolved. Its focus areas include Technology, Mobile Applications, Safety Solutions and Tracking Services.
Company details
Locopoco, established in 2016 and currently in Dissolved stage, focuses on leveraging cutting-edge technology, developing user-friendly mobile apps, safety solutions, and tracking services. Serves as a mobile app for safety tracking and monitoring. Adapting to market demands with innovation and client-focused strategies.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website locopocoapp.com
- Social Facebook
- Legal Name Locopoco Technology Ventures Private Limited
- Date of Incorporation 16 Feb, 2016
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹14 Lakh
FY 2017
- Net Loss-₹1.20 Cr
FY 2017 · -856% margin
- EBITDA-₹1.34 Cr
FY 2017 · -952% margin
- Total Equity Funding$553.47K (USD)
in 1 rounds
- Latest Funding Round$553.47K (USD), Seed
Apr 2016
- Investors
Associated legal entities of Locopoco
Locopoco operates through Locopoco Technology Ventures Private Limited (dissolved (liquidated)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Locopoco Technology Ventures Private Limited CIN U74900KA2016PTC086197 | Dissolved (Liquidated) | 16 Feb 2016 | Bengaluru, Karnataka | ₹0.1 Cr | 2 | View details |
Funding Insights of Locopoco
Locopoco has successfully raised a total of $553.47K through 1 strategic funding round. The most recent funding activity was a Seed round of $553.47 thousand completed in April 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 $553,468
- Total Rounds 1
- Last Round Seed — $553,468
- First Round $553,468
(Apr 2016)
- Investors Count 1
All 1 funding rounds of Locopoco 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 2016 | $553,468 | Seed | $2.11M | Accel | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2016 | $2.11M | •••••••• |
Last known valuation $2.11M (Apr 2016). 1 investors in total: 1 institutional.
Investors in Locopoco
Locopoco has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States |
Investor details for Locopoco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Locopoco Technology Ventures Private Limited (Locopoco)
Locopoco Technology Ventures Private Limited is the primary company behind Locopoco. The board of Locopoco Technology Ventures Private Limited currently have 2 directors; the longest-serving is Anupam Agarwal, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anupam Agarwal DIN 05105205 | Director | 16 Feb 2016 | 10 yrs 8 mo | Locopoco Technology Ventures Private Limited |
| Ryan Valles DIN 02206408 | Director | 16 Feb 2016 | 10 yrs 8 mo | Locopoco Technology Ventures Private Limited |
Financials of Locopoco
Figures of Locopoco Technology Ventures Private Limited, the primary company behind Locopoco, for FY 2017. Revenue was ₹14 Lakh. Net loss was -₹1.20 Cr (-856% margin). EBITDA was -₹1.34 Cr (-952% margin).
- ₹14 LakhRevenue · FY 2017
- -₹1.20 CrNet loss · -856% margin
- -₹1.34 CrEBITDA · -952% margin
- ₹4.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Locopoco Technology Ventures Private Limited are on its company page.
Detailed financial statements for Locopoco
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Locopoco
3 dated milestones of Locopoco, from founding to its latest funding, stage changes and deals.
- Founded Locopoco is founded.
- Funding First funding round of $553K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about Locopoco
Locopoco was founded in 2016.
Locopoco is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Locopoco is a funded company, having raised a total of $553.47K across 1 funding round to date. The company's 1st funding round was a Seed of $553.47K, raised on Apr 2016.
The primary company behind Locopoco, Locopoco Technology Ventures Private Limited, reported revenue of ₹14 Lakh for FY 2017.
Locopoco, established in 2016 and currently in Dissolved stage, focuses on leveraging cutting-edge technology, developing user-friendly mobile apps, safety solutions, and tracking services. Serves as a mobile app for safety tracking and monitoring. Adapting to market demands with innovation and client-focused strategies.
Locopoco has 1 investor. Key investors include Accel.
The valuation of Locopoco is $2.11M as of Apr 2016.
Locopoco operates through Locopoco Technology Ventures Private Limited.
The legal entities of Locopoco currently have 2 directors, including Anupam Agarwal, Ryan Valles.