We have the data to prove that India’s startup scene is pretty much unignorable at this point, but after some extra activity in Bengaluru, a city in India known for its tech scene, I thought we’d tie together some interesting deals in one post.
Lokal wants to make local news in India more accessible and digitally focused, from big cities to small villages.
Through an app, Lokal wants to offer multilingual local news to users in different regions around India.
In addition to news, Lokal offers digitized classified ads, a “large and lucrative opportunity” according to Madhukar Sinha, a partner at India Quotient.
The company raised $1.3 million in a seed round this week, bringing its total known funding to $2.1 million, per Crunchbase data.
As we reported previously, Gurgaon, India-based OYO has raised so much money that the company is distorting India’s venture market, accounting for the lion’s share of the past year’s total funding in India’s hospitality startups.
Urban Ladder, launched by Ashish Goel and Rajiv Srivatsa in July 2012, sells furniture through an online marketplace, offering everything from sofas and beds to storage shelves and dining tables.
The company raised $2.1 million in a financing round this week.
According to its Crunchbase profile, Urban Ladder has $114.9 million in known venture funding to date.
Beyond the classics, Urban ladder says it offers both modern and traditional designs and “products that are difficult to spot elsewhere during furniture online shopping; for example room dividers, corner storage units, and more.”
That’s a quick snapshot of some activity happening in Bangalore, a growing startup hub in India that has scored over $18 billion across 2,514 deals in the Crunchbase data set.