Lokal, a hyperlocal content, community, and classified platform, has raised Rs 120 crore in a Series B funding round from new investors Global Brain Corporation and Sony Innovation Fund, with participation from IndiaQuotient and other existing investors. The company plans to use the funds to expand in existing markets, launch new categories and product capabilities, and strengthen its product and technology teams.
Bengaluru-based Lokal, founded by Jani pasha and Vipul Chaudhary in 2018, provides hyperlocal information like 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.
