About Lokal App
Lokal App is a company based in Bengaluru (India) founded in 2018 by Vipul Chaudhary and Jani Pasha. It operates as a Advertising Model, and Two-Sided Marketplace. Lokal App has raised $31.8 million across 4 funding rounds from investors including Tencent, NextBillion AI and 3one4 Capital. Lokal App offers products and services including Local Updates, Job Search, Advertising, and Lokal Matrimony. Lokal App operates in a competitive market with competitors including YourStory, ScoopWhoop, POPxo, PublicVibe and Circle Internet, among others.
- Headquarter Bengaluru, India
- Founders Vipul Chaudhary, Jani Pasha
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Behtar Technology Pvt. Ltd.
- Date of Incorporation 10 May, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.42 M (USD)109.47as on Mar 31, 2023
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Net Profit
$-6.33 M (USD)-35.49as on Mar 31, 2023
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EBITDA
$-6.71 M (USD)-49.13as on Mar 31, 2023
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Total Equity Funding
$31.8 M (USD)
in 4 rounds
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Latest Funding Round
$14.66 M (USD), Series B
Oct 19, 2022
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Investors
Tencent
& 26 more
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Employee Count
Employee Count
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Products & Services of Lokal App
Lokal App offers a comprehensive portfolio of products and services, including Local Updates, Job Search, Advertising, and Lokal Matrimony. 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.
Local news and updates are provided to users.
Job opportunities are offered for diverse categories.
Advertising solutions are provided for business growth.
Matrimonial profiles are facilitated for partner search.
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Human Resources and Administration
3 people
Leadership Team
1 people
Software Development Team
1 people
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Funding Insights of Lokal App
Lokal App has successfully raised a total of $31.8M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.66 million completed in October 2022. 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 Series B — $14.7M
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First Round
First Round
(28 May 2018)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Lokal App | Valuation | Global Brain , Sony Innovation Fund | |
| May, 2021 | Amount | Series B - Lokal App | Valuation | Tencent | |
| Sep, 2019 | Amount | Series A - Lokal App | Valuation | 3one4 Capital , RB Investments |
| 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 Lokal App
Lokal App has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, NextBillion AI and 3one4 Capital. 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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Global Brain is recognized as a venture capital firm supporting startups.
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Founded Year | Domain | Location | |
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Venture capital fund investing in technology and AI sectors.
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Founded Year | Domain | Location | |
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Investment in Indian startups across technology and fintech sectors.
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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 Lokal App
| 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 - Lokal App
| 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 |
Lokal App Comparisons
Competitors of Lokal App
Lokal App 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 YourStory, ScoopWhoop, POPxo, PublicVibe and Circle Internet, 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 |
Provider of a digital media platform that tells stories about startups, entrepreneurship, and innovations
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| domain | founded_year | HQ Location |
India-specific entertainment stories are curated and created.
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| domain | founded_year | HQ Location |
Provides content platform for lifestyle/fashion, beauty, and health topics
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| domain | founded_year | HQ Location |
An app-based platform is operated for multi-category news delivery.
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| domain | founded_year | HQ Location |
Local news portal with a focus on Uttar Pradesh
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| domain | founded_year | HQ Location |
A Mumbai-based platform for citizen journalism and news sharing.
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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 Lokal App
Frequently Asked Questions about Lokal App
When was Lokal App founded?
Lokal App was founded in 2018.
Where is Lokal App located?
Lokal App is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Lokal App?
Jani Pasha is the current CEO of Lokal App. They have also founded this company.
Is Lokal App a funded company?
Lokal App is a funded company, having raised a total of $31.8M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on May 28, 2018.
What is the annual revenue of Lokal App?
Annual revenue of Lokal App is $2.42M as on Mar 31, 2023.
What does Lokal App do?
A hyperlocal platform is managed by Lokal App to connect local communities across India. Services are provided in sectors like news, employment, advertising, and matrimonial matchmaking. Local updates are sourced from trusted outlets to keep users informed. Job opportunities are facilitated with direct recruiter contact for over 25 lakh roles. Advertising solutions are offered to businesses for enhanced visibility and growth. The platform is trusted by over 45 million users, focusing on diverse Bharat communities.
Who are the top competitors of Lokal App?
Lokal App's top competitors include ScoopWhoop, YourStory and POPxo.
What products or services does Lokal App offer?
Lokal App offers Local Updates, Job Search, Advertising, and Lokal Matrimony.
Who are Lokal App's investors?
Lokal App has 27 investors. Key investors include Tencent, NextBillion AI, 3one4 Capital, Suashish, and Z Nation Lab.
What is Lokal App's valuation?
The valuation of Lokal App is $46.22M as of Oct 2022.