Home Latest News LoveLocal raises $18m in Pre-Series B round

LoveLocal raises $18m in Pre-Series B round

By  
SHARE

LoveLocal, a hyper-local e-commerce platform empowering local retailers, has raised $18m or INR 143 crores, in a Pre-Series B investment round that features some of the most prominent investors and founders globally. The round, which was oversubscribed, is led by Vulcan Capital, and also includes participation from Klarna Founder & CEO Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures. Angel investors Nami Zarringhalam, Co-founder of Truecaller, Sriram Krishnan, General Partner at Andreessen Horowitz, Anna Lambert, Director of Product Acceleration at Shopify, Sarah Jones Simmer, CEO of Found & ex-COO of Bumble, Arpan Sheth, Senior Partner at Bain & Company, and others also participated.

Existing investors Blume Ventures, AC Ventures, HenkelX Ventures, Chiratae Ventures also invested – with Candy Ventures significantly increasing their ownership in this round.