VC Fund Investments
Hyperlocal social media platform Lokal raises $12-M led by China's Tencent
Bengaluru-based hyperlocal social media platform Lokal has raised USD 12 million in a new round of financing led by Chinese internet conglomerate Tencent. Existing investors 3ONE4 Capital, Y Combinator, and India Quotient have also participated in the startup's Series A. Lokal's eponymous hyperlocal social media app enables non-English speaking users to connect and interact with one another. It also helps users find jobs in their vicinity and keeps them up to date with things such as commodity prices, real estate prices, and matrimonial ads.
From the Venture Intelligence PE-VC Deal Database: Between Aug-18 and Oct-19, Lokal raised nearly $4-M from Y Combinator Continuity Fund, Soma Capital, 3ONE4 Capital, RB Investments, India Quotient and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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