Bengaluru-Based Startup Locale.ai Raises Rs 9.6 Cr From Chiratae Ventures And Better Capital
- BySheetal Sidhu | August 12, 2021
Bengaluru-based location analytics startup , on Wednesday announced that it has raised $ 1.3 million(Rs 9.6 crores) in a seed round from Chiratae Ventures and Better Capital. The round also saw participation from angels such as Manik Gupta (ex-CPO, Uber), Sidu Ponnapa (SVP, Engineering, Go-Jek), Kuldeep Dhankar (ex- SVP, Enterprise Sales, Clevertap), Khadim Batti (CEO, Whatfix), Krish Subramanian (CEO, Chargebee), Vivekananda HR (CEO, Bounce), Kaushik Subramanian (Product, Stripe), Praveen Jadav (ex-CEO, Paytm Money). Aditi Sinha, Co-Founder, Locale.ai said, “We took inspiration from Uber and Amazon who became billion dollar businesses by making location and demand-supply related decisions at its core. Locale’s aim is to help every company with moving users (demand) / fleet (supply) provide the same level of tools and infrastructure and attain operational excellence”
Locale currently works with companies in 9 countries such as Europe, Latin America, MENA, India, Singapore and some of its notable clients include Bounce (India), Dunzo (India), Zwings (UK), OMNi (Costa Rica) and has successfully partnered with Wunder Mobility (Germany) as well. The startup claims to impact Omni’s topline by helping them improve their order volumes and helped Zwings workforce to be 50 percent more productive by helping them swap batteries efficiently. Karan Mohla, Partner, Chiratae Ventures commented, “We have witnessed the early impact of location-based automation on the transformation industries, especially in mobility. Led by Aditi and Rishabh, Locale’s vision is to build the next generation intelligent platform on top of proprietary data sets to create revenue enhancing actionables for their clients. We are very excited with their approach focused on global enterprises in their focused verticals utilizing AI and intelligent geospatial analytics in an efficient and secured manner.”
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