OhLocal raises pre-seed round
Gurugram-based OhLocal recently raised an undisclosed amount in its pre-seed round of funding led by India Accelerator “with participation from HNIs and marquee angels.” The startup plans to utilise the funding for product development, grow its merchant base, and expand pan-india,
OhLocal founder Devashish Goyal said, “With the rapid digitization of the economy hyper-local businesses must integrate themselves to the digital economy. OhLocal is perhaps the best place to address this problem by Mimicking the offline experience of a shopper on a digital platform keeping both the merchant, as well as a customer satisfied, has been key to OhLocal’s Product Strategy.”
The company offers an AI-enabled smart bidding platform that provides local buyers and local sellers an online marketplace platform to acquire and distribute products locally..
Commenting on the investment, India Accelerator co-founder Mona Singh stated, “We strongly believe that the founding team at OhLocal has created a revolutionary platform as today, enthused by ‘online’ success in new-age customer segments, many players have tried to adapt their value proposition by picking up the best elements of offline experience.””
Follow Startup Story
Related Posts
