Business Standard

Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round

The company claimed that this is the largest round ever raised by a solo woman tech founder in India

Market participants say investors are moving money from small-caps due to concerns about expensive valuations and the impact of regulatory tightening.

Several international unicorn founders have invested in the company

Deepsekhar Choudhury Bengaluru
Hyperlocal ecommerce start-up LoveLocal has raised $18 million in a pre-Series B investment round. The round was led by Vulcan Capital, and also includes participation from Klarna founder CEO Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures, among others. 

Launched in January 2020, LoveLocal claims to be present in more than 35 cities across India. The platform has attracted more than 100,000 retailers and fulfilled more than 1 million orders in the last 18 months. It has an online catalogue of daily essential items with 55,000 products across 145 categories.

Akanksha Hazari, founder and CEO of LoveLocal, said: “Local businesses

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First Published: Oct 28 2021 | 4:30 AM IST

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