Lovelocal raises $18mn in pre-series B round led by Vulcan Capital

LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market

LoveLocal, a hyper-local e-commerce platform for local retailers, has raised $18 million (Rs 143 crore), in a Pre-Series B investment round led by Vulcan Capital. The round also had 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