fbpx

Locobuzz funding

locobuzz funding

Locobuzz Solutions, a unified digital customer experience SaaS platform announced on Tuesday that it raised Rs 9 crore in a pre-Series A round from Maharashtra State Social Venture Fund of SIDBI Venture Capital Limited (SVCL).

The Mumbai-based startup will use the freshly raised funds to improve its platform’s technological capabilities, expand its team across functions, and marketing and sales efforts.

Established in 2015 by Vishal Agarwal (CEO), Shubhi Agarwal (COO), and Nitin Agarwal (CTO), Locobuzz enables B2C brands with real-time data analytics, consumer experience automation, consumer insights, and social media management, including publishing, listening, analytics, and engagement. 

The SaaS platform works with several major brands in the country across chief consumer-facing business verticals, ranging from BFSI, telecom, automobile, retail, FMCG, e-commerce, etc.

Commenting on the startup’s first institutional funding, Vishal Agarwal, Founder and CEO, Locobuzzsaid, “This round of funding is really encouraging, and we are excited to partner with SIDBI Venture for our next phase of growth. In the next couple of months, we will direct our attention towards further product development, business growth, and marketing initiatives. We will be able to offer a lot more to our client partners.”

locobuzz funding

Locobuzz claims to cater to a number of Fortune 500 clients and has created enduring partnerships with various brands based on its product capabilities. It helps clients streamline their customer experience processes, leading them to create long-lasting relationships with their customers, and position themselves as thought leaders in their domain.

Speaking about the development, Senior Fund Manager Mahendra Lodha, Vice President and CS, SIDBI Venture Capital Ltd, said, “We are happy to see Locobuzz as a leading Unified Digital Customer Experience platform, which services clients across key consumer-facing businesses. We look forward to working with Vishal and the team in Locobuzz to grow amidst a large market opportunity.”

Locobuzz appears to be an interesting Software-as-a-service (SaaS) platform for ensuring efficient workflows between brands and consumers. The company has already expanded its operations to several countries and has even more growth prospects in the coming times. My best wishes to the team of Locobuzz.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For publishing an advertorial article about your company on our website, drop an email at taniya@startuplanes.com

Tags

top