Local commerce mobile messaging app Lookup, has announced a Series A investment of $3 million from Twitter Co-founder Biz Stone and some other investors. Post investment, Biz Stone has joined the team as an advisor. This hyper local startup had raised $382,000 till now before this investment.
The company claims to have over 3 million message exchanges every month. Its current downloads stand at over 200,000 and onboarding of more than 10,000 verified merchants.
Lookup is a free app for both consumers and businesses. It can be used to make reservations at restaurants, bars, pubs, hotels; to book appointments at spas, salons, clinics, hospitals; get information about deals, product availability, prices, timings from the offline stores as well as to share pictures with local stores to get information about products. Currently, it is available in Bangalore, India and will expand to more cities soon.
Talking about the future plans, LookUp’s Founder & CEO Deepak Ravindran mentioned, “We plan to integrate all the offline businesses into the online world and connect them to their customers. We aim to be the one stop app that satiates all the needs of our customers.”
The app is freely available for Android and iOS users, and its competitor in business messaging service are Haptik and Akosha. Just a day back, Akosha received $16 million in series B round led by existing investor Sequoia Capital, valuing the Delhi-based company at $70-80 million. Haptik had also raised $1 million in seed funding led by Kalaari Capital in September 2014.Category Investments Startups