Lokal, a news and classifieds platform focused on regional languages, has raised $3 million funding from a clutch of investors that include 3one4 Capital, Y Combinator, RB Investments, SOMA Capital and existing investor India Quotient. The round also saw participation from Twitch cofounder Kevin Lin, Xiaomi Indonesia head Alvin Tse, South Korea-based VC firm Starling Ventures, US-based media tech firm XRM Media and tech investment firm I2BF Global Ventures. The Bengaluru-based startup plans to use the funds raised to improve its product, expand its team and enter new markets apart from strengthening its presence in existing markets.
Regional language focused startup Lokal raises $3 million funding
Date posted: Monday 4 November 2019