About Lokein
Lokein is a Retail company based in Ipoh (Malaysia) founded in 2018 by Nur Hafizi Abdul Majid and Wan Mohd Hafiz Wan Idris. Online marketplace for selling, biding and buying. Lokein has raised $376.1 thousand across 2 funding rounds from investors including NEXEA. Its chief executive, as recorded, is Wan Mohd Hafiz Wan Idris. Lokein offers products and services including All-in-One Business Solutions and Dedicated Account Managers. Its focus areas include Social Commerce, Enablers, E-Commerce Enablers and Ecommerce Software Suite. Its legal entity is SEVENTEEN NETWORK SERVICES SDN. BHD.
Company details
Lokein was established in 2018 in Ipoh, Malaysia, as an e-commerce marketplace. Operations focus on facilitating transactions for diverse product categories, including fashion apparel and accessories, electronic gadgets, fishing equipment, and automotive parts. Items are listed for direct sales, auctions, and purchases by users across these sectors. The platform supports regional and broader online trading activities.
- Headquarters Ipoh, Malaysia
- Founders Nur Hafizi Abdul Majid, Wan Mohd Hafiz Wan Idris
- SectorsRetail
- Website lokein.com
- Social LinkedIn X Facebook Instagram
- Legal Name Seventeen Network Services Sdn. Bhd.
- Total Equity Funding$376.1K (USD)
in 2 rounds
- Latest Funding Round$364.1K (USD), Seed
Jul 2022
- Investors
Products & Services of Lokein
Lokein offers a comprehensive portfolio of products and services, including All-in-One Business Solutions and Dedicated Account Managers.
Comprehensive platform for website building and operations management.
Expert handling of back-end operations and marketing tasks for businesses.
Funding Insights of Lokein
Lokein has successfully raised a total of $376.1K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $364.1 thousand completed in July 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 $376,098
- Total Rounds 2
- Last Round Seed — $364,098
- First Round $12,000
(Nov 2019)
- Investors Count 1
All 2 funding rounds of Lokein 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 |
|---|---|---|---|---|---|
| Jul 2022 | $364,098 | Seed | – | – | – |
| Nov 2019 | $12,000 | Seed | – | NEXEA | – |
1 investors in total: 1 institutional.
Investors in Lokein
Lokein has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include NEXEA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC, Accelerator and Angel Network for Malaysia & Southeast Asia based companies | nexea.co | Subang Jaya, Malaysia |
Investor details for Lokein
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.
People of Lokein
2 people are tracked at Lokein (2 in leadership).
| Name | Role | Group |
|---|---|---|
Nur Hafizi Abdul Majid | Co-Founder | Leadership |
Wan Mohd Hafiz Wan Idris | Co-Founder & CEO | Leadership |
Complete people profiles for Lokein
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Lokein
3 dated milestones of Lokein across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Lokein is founded.
- Funding First funding round of $12K.
- Funding Latest funding round, Seed, of $364K.
Web traffic of Lokein
Websites that share an audience with Lokein (lokein.com).
Websites whose visitors overlap most with Lokein. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| salaammarketmy.com | 100% | #4,603,912 | View details |
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Related news about Lokein
Complete news archive for Lokein
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Frequently Asked Questions about Lokein
Lokein was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Lokein is headquartered in Ipoh, Malaysia. It is registered at Ipoh, Perak, Malaysia.
Wan Mohd Hafiz Wan Idris is the CEO of Lokein, as recorded in our data. They have also founded this company.
Lokein is a funded company, having raised a total of $376.1K across 2 funding rounds to date. The company's 1st funding round was a Seed of $12K, raised on Nov 2019.
Lokein was established in 2018 in Ipoh, Malaysia, as an e-commerce marketplace. Operations focus on facilitating transactions for diverse product categories, including fashion apparel and accessories, electronic gadgets, fishing equipment, and automotive parts. Items are listed for direct sales, auctions, and purchases by users across these sectors. The platform supports regional and broader online trading activities.
Lokein offers All-in-One Business Solutions and Dedicated Account Managers.
Lokein has 1 investor. Key investors include NEXEA.
Lokein operates through Seventeen Network Services Sdn. Bhd..