Hyperlocal online business startup LoveLocal (in the past m.Paani) has raised $18 million in its pre-Series B round drove by Vulcan Capital. Flat Capital and Alumni Ventures Group and Commerce Ventures have also joined the new round.
Existing backers – Blume Ventures, AC Ventures, HenkelX Ventures, and Chiratae Ventures — also invested, with Candy Ventures significantly increasing its proprietorship in this round.
Established in 2020 by Akansha Hazari, LoveLocal engages local retailers and digitizes the unorganized retail market. In only year and a half, LoveLocal has joined more than 100,000 retailers and satisfied more than 1,000,000 orders. It continues to develop more than 35% month to month.
The startup claims to have grown 40-folds since its inception. At present, it serves in more than 35 urban communities and in excess of 1300 pin codes across India.
