# Localoye

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/localoye

- Industry: Marketing/Advertising
- Headquarters: Mumbai, India
- Website: localoye.com
- Total disclosed funding: $4.9M
- Latest round: Series A (Apr 29, 2015)
- Investors on record: 2

## About

LocalOye is a technology-driven platform that connects consumers with local service providers, streamlining the process of finding and hiring professionals for various tasks.LocalOye operates as a service marketplace that links users with local service providers across multiple sectors. The company, headquartered in Mumbai, India, was founded by entrepreneurs with prior experience in building tech startups. The firm raised a total of INR 310.00 million in a Series A round in April 2015 from investors including Lightspeed Venture Partners and Tiger Global Management, achieving a current valuation of INR 774.16 million after this funding round. LocalOye has completed 2 significant deals to date, focusing on enhancing its service delivery framework.LocalOye offers innovative solutions that help consumers connect with local service providers across various industries. The platform features a range of services tailored to meet the operational needs of both small businesses and large corporations. Users benefit from an intuitive interface that facilitates tasks such as project management and customer relationship management. The company markets its solutions across multiple regions, including North America, Europe, and Asia, ensuring widespread accessibility for its diverse client base.In the most recent fiscal year 2023, LocalOye reported a revenue of INR 0 and an EBITDA of INR -127. The firm primarily generates revenue through subscription-based models and direct sales, enabling clients to access various software offerings, receive updates, and customer support. Additionally, LocalOye partners with wholesalers and retailers to distribute its products, enhancing visibility and market penetration.LocalOye plans to leverage its recent funding of INR 310.00 million from April 2015 to support the development of new products and services designed to enhance user experience. The company aims to expand its operations into new markets, focusing on regions within Asia and Europe by the end of 2024. These strategic initiatives are expected to drive growth as LocalOye strengthens its market presence and broadens its service offerings.

## Funding rounds

- Series A, Apr 29, 2015, $4.9M — Lightspeed Venture Partners, Tiger Global Management

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A