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Japanese VC, Sony fund sign Series B cheque for hyperlocal content startup Lokal

Lokal raises Rs 120 Cr in Series B; Aims to launch new categories and product capabilities

Bengaluru (Karnataka) [India], April 25 (ANI/BusinessWire India): Lokal, India s hyperlocal content, community, and classified platform, announced it has raised Rs 120 Cr in Series B funding from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors

Lokal raises Rs 120 Cr in Series B; Aims to launch new categories and product capabilities

Bengaluru, April 25: India s hyperlocal content, community, and classified platform, announced it has raised Rs 120 Cr in Series B funding from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors. The company will use the fresh funds to grow in existing markets, launch new categories and product capabilities, further strengthen the product and technology teams. Including the current funding round, the startup has raised over Rs 225+ Crore in funding overall and has 110+ employees with headquarters in Bangalore. Launched in 2018, Lokal provides Tier 2+ users of India with hyperlocal information such as daily updates, commodity prices, local jobs, real estate, matrimonial, local business advertorials, and classifieds that would otherwise be scattered across local newspapers in vernacular languages. With over 40M+ downloads in just seven Indian states over the past five years, Lokal delivers the quickest local updates an

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