Online-to-offline commerce platform OhLocal raises pre-seed funding

Online-to-offline marketplace startup OhLocal has raised a pre-seed round for the second time from multiple investors, including Sunil Kumar Singhvi (JITO Angel Network), Harish Menon (co-founder of Alpha Wealth Management), Puneet Verma (Partner at Aquilo LLP), and Sahil Goel (MiH Ventures). Gurugram-based OhLocal connects merchants with consumers in their city via a smart real-time bidding platform with prices competitive against online retailers. It claims to host 800 sellers across five cities, generating a business of INR 5.2 crore for them by running over 2,000 ads on its platform. The funds will be used to tie up with 10,000 more retailers and local sellers across India. OhLocal is also foraying into a subscription model for sellers and hiring senior-level people in management roles.