SaaS startup Lio raised $5 million in a seed round led by Lightspeed India Partners and Sequoia Capital India, according to a release shared by the company.
The firm plans on using the funds to hire more engineers and increase users on its mobile app. Currently, the app claims to have over one million downloads and has also launched in Indonesia. The platform also operates in 10 Indian languages as it has a 45 percent non-English speaking user base.
