About LoveLocal
LoveLocal is a company based in Mumbai (India) founded in 2015 by Akanksha Hazari. LoveLocal has raised $25.68 million across 7 funding rounds from investors including Gojek, ACV Auctions and Arca Continental. The company has 139 employees as of April 08, 2024. LoveLocal offers products and services including Grocery Delivery, Medicine Delivery, and Fruits and Vegetables Delivery. LoveLocal operates in a competitive market with competitors including Flipkart, Blinkit, Myntra, Nykaa and Bigbasket, among others.
- Headquarter Mumbai, India
- Employees 139 as on 08 Apr, 2024
- Founders Akanksha Hazari
- Stage Minicorn
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Sectors
Retail
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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 Mpaani Solutions Private Limited
- Date of Incorporation 14 Jan, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$870.91 K (USD)532.22as on Mar 31, 2023
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Net Profit
-$1.76 M (USD)17.12as on Mar 31, 2023
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EBITDA
-$2.49 M (USD)-15.15as on Mar 31, 2023
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Total Equity Funding
$25.68 M (USD)
in 7 rounds
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Latest Funding Round
$212.8 K (USD), Series A
Sep 07, 2022
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Investors
Gojek
& 53 more
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Employee Count
139
as on Apr 08, 2024
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Products & Services of LoveLocal
LoveLocal offers a comprehensive portfolio of products and services, including Grocery Delivery, Medicine Delivery, and Fruits and Vegetables Delivery.
Service for quick delivery of fresh groceries from local shops.
Platform for fast delivery of medicines from nearby stores.
Offers free delivery of fresh produce directly from local sources.
People of LoveLocal
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Funding Insights of LoveLocal
LoveLocal has successfully raised a total of $25.68M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $212.8 thousand completed in September 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.
Investors in LoveLocal
LoveLocal has secured backing from 54 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Gojek, ACV Auctions and Arca Continental.
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Investments are made in multiple sectors by Valon Capital.
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Private equity investments are backed by a single-family office firm.
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Venture capital firm focused on early stage companies
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Investor details for LoveLocal
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
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Investments & Acquisitions by LoveLocal
Investment portfolio details for LoveLocal
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - LoveLocal
Detailed financials for LoveLocal
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- Historical revenue
- Profit trends
- Statement rows
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Lovelocal Comparisons
Peer comparison for LoveLocal
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of LoveLocal
LoveLocal 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 Flipkart, Blinkit, Myntra, Nykaa and Bigbasket, among others.
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Multi-category consumer products are offered via an online marketplace platform.
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Instant delivery of groceries and essentials is facilitated online.
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Fashion and lifestyle products are offered via an online marketplace.
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Cosmetics, skincare, haircare, and wellness products are retailed online.
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Personal and household products are delivered via an e-commerce platform.
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Food and grocery items are ordered via an online network.
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Detailed competitors of LoveLocal
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- Domains and locations
- Full company profiles
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Latest news on Lovelocal
Complete news archive for LoveLocal
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- Full article archive
- Source and publication date
- Older coverage
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Frequently Asked Questions about LoveLocal
LoveLocal was founded in 2015.
LoveLocal is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Akanksha Hazari is the current CEO of LoveLocal. They have also founded this company.
LoveLocal is a funded company, having raised a total of $25.68M across 7 funding rounds to date.
As of Apr 08, 2024, the latest employee count at LoveLocal is 139.
Annual revenue of LoveLocal is $870.91K as on Mar 31, 2023.
LoveLocal was founded in 2015 in Mumbai, India, as an e-commerce platform in the retail sector. Local Kirana stores are linked with consumers via the online service, allowing access to products such as fruits, vegetables, meat, snacks, pharmaceuticals, beauty items, and cleaning essentials. Operations focus on facilitating direct shopping from neighborhood retailers across urban areas.
LoveLocal offers Grocery Delivery, Medicine Delivery, and Fruits and Vegetables Delivery.
LoveLocal has 54 investors. Key investors include Gojek, ACV Auctions, Arca Continental, Henkel, and H-FARM.
The valuation of LoveLocal is $65.24M as of Sep 2022.