$5 Million to LocalOye in Series A funding

LocalOye.com, a Mumbai-based local service marketplace under the banner of Imma Web Pvt. Ltd. has raised $5 million (Rs. 31 crore) in series A funding led by Tiger Global Management and Lightspeed Venture Partners.
$5 Million to LocalOye in Series A funding

While LocalOye will use the funds in order to scale the geo reach in three more cities, it will also add more service to its category. Aditya Rao, an engineering graduate started LocalOye.com with an idea to cater into the event space but then the service expanded in other sectors such as tutors, home services, wellness etc. LocalOye.com is operational only in Mumbai as of now and claims to have around 3,000 merchants on its platform across various categories. Company’s business model runs in the line of top listing companies such as Sulekha.com and JustDial.

Aditiya Rao, founder, LocalOye.com believes that it’s not just another classified company. The interactive and rich data makes it way different. The company has got huge demand from service professionals for better tools to manage their business.

The platform uses a recommendation engine to bridge the gap between customers and service professionals within seconds. Both customers and merchants are connected to each other through their mobile apps. The app also lets you review, accept, engage and schedule bookings.

As per Lee Fixel, partner, Tiger Global, LocalOye.com helps connect online-to-offline services market in India and is highly compelling for both customer and business. 

The start-up claims to protect customers who get bombarded with calls that they get looking for such a service through existing classified players. Last it raised angel funding fromSidharth Rao (co-founder Webchutney), Haresh Chawla (former group CEO Network 18 and currently a partner with private equity firm India Value Fund Advisors) and Sachin Bhatia (co-founder, MakeMyTrip).

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