Investments, News

LocalCircles Raises Funding from Anand Mahindra

LocalCircles, Indian citizen engagement platform has announced that Mahindra Group Chairman Anand Mahindra has made an investment in the company and will be joining company’s Advisory Board.

The startup will use the funding to augment its reach to over 30 million citizens in five years.

The startup will use the funding to augment its reach to over 30 million citizens in five years.

Launched in 2013, LocalCircles enables citizens to connect with causes that they care about ranging from Civic Issues, Finding Emergency Assistance, Law & Order, Local and National Governance, etc. It enables citizens to come together to assist each other, share information, find resolution, connect with the administration, participate in national/local governance and improve their urban daily lives. Also, it is free for citizens.

Commenting on their investment plans, Anand Mahindra said, “I am making this investment because this is what is termed a ‘shared value’ project, where you can do well and do good at the same time.”

The company has communities in 200 cities of India, and will use the proceeds to make the network available to many more citizens and many more causes across India. The firm is also in discussions with several other social impact investors for the next round of fund raise, estimated at Rs. 20 Crores. The company has also launched its app for Android and iOS users.

LocalCircles founding team comprises of Sachin Taparia former Managing Director at Boeing Internaitonal, K Yatish Rajawat, Former Group Managing Editor of Dainik Bhaskar group, Mukesh Gupta Former executive of Juniper Networks and Abhishek Gupta formerly of Oracle Inc.

Sachin is also an active speaker, contributor and panelist on subjects of business accountability, trust, integrity, corporate governance and anti-corruption. Prior to co-founding LocalCircles, Abhishek spent more than 14 years as senior manager and architect in various fortune 100 companies such as Oracle and GE both in India and in the USA. Mukesh Gupta is a technologist turned entrepreneur who has a passion for conceptualizing; designing and building technology products.

“LocalCircles is like the Whatsapp or Facebook of causes where Facebook/Whatsapp are generally used to connect with people we know, it enables one to connect with people they don’t know but care about the same cause – better neighborhood, fighting corruption, making city cleaner/safer or assisting with emergency/blood,” added Sachin Taparia.

Mahindra will join Nadir Godrej, Managing Director of Godrej Industries who had invested an undisclosed sum in LocalCircles in early 2013 and Maruti Chairman RC Bhargava, on the LocalCircles advisory board.

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