# Mpaani Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mpaani-solutions-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.lovelocal.in
- Total disclosed funding: $8.7M
- Latest round: Series A (Jan 3, 2020)
- Investors on record: 7

## About

Mpaani Solutions Private Limited operates LoveLocal, an online grocery shopping platform that connects consumers with local Kirana stores, streamlining access to over 55,000 products.Founded in 2015, Mpaani Solutions Private Limited is headquartered in Mumbai, India. The company operates LoveLocal, which facilitates online grocery shopping by linking customers to local Kirana stores. Akanksha Hazari serves as both the Founder and CEO. The company raised INR 1.37 billion in funding on December 14, 2021, led by Vulcan Capital and other investors. The total amount raised by the company to date is INR 1.37 billion, with a current valuation of INR 5,677.58 million.LoveLocal is an online grocery shopping platform that connects consumers with their trusted local Kirana stores, providing access to over 55,000 products across 145 categories. Their offerings include grocery items, fresh produce, dairy, meat, health products, and household essentials catering to everyday consumer needs. LoveLocal aims to support local retailers while serving a diverse clientele in urban areas of India, operating in over 35 cities such as Mumbai, Bengaluru, Delhi, and Hyderabad, extending to smaller cities like Dehradun and Guwahati.In the most recent fiscal year of 2022, LoveLocal generated revenue amounting to INR 14,629.90 million. The company reported an EBITDA of INR -2,490,801.40 million for the same year, illustrating the operational financial performance of the platform.Following the recent funding round on December 14, 2021, Mpaani Solutions Private Limited plans to utilize the raised funds to scale product development, expand their workforce, and accelerate growth across tier 1-3 cities in India. The strategic focus includes introducing new products and enhancing service offerings to further engage consumers. As part of its future growth strategy, the company aims to harness these financial resources to foster expansion into new geographic regions.

## Funding rounds

- Series A, Jan 3, 2020, $6.8M — Chiratae Ventures, Blume Ventures, Arca Continental S.A.B. de C.V., Candy Ventures, Henkel Ventures, AC Ventures
- Seed, Jun 1, 2018, $0.2M — Chiratae Ventures
- Seed, Mar 16, 2017, $1.4M — Chiratae Ventures, Blume Ventures, Saha Asset Advisors
- Seed, May 2, 2016, $0.3M — Blume Ventures

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series A
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Seed, Series A
- Saha Asset Advisors (https://capitalatlas.ai/funds/saha-asset-advisors) — Seed
- Arca Continental S.A.B. de C.V. — Series A
- Candy Ventures (https://capitalatlas.ai/funds/candy-ventures) — Series A
- Henkel Ventures (https://capitalatlas.ai/funds/henkel-ventures) — Series A
- AC Ventures — Series A