Chat platform for offline shopping, Lookup has raised $2.5 million in Series A funding from Khosla Impact fund by Vinod Khosla along with participation from Twitter co-founder Biz Stone, Narayana Murthy’s Catamaran Ventures, Global Founders Capital, the European investment fund from Rocket Internet’s Samwer brothers and others.
The round also saw participation from Geneva based ACE & Company, Singapore based M&S partners, New Look fashion chain founder Tom Singh, Lookout founder Kevin Mahaffey and LivSpace founder and former Google Local head Anuj Srivastava.
The new funds will be used to expand the merchant base on Lookup as well as to enter the new geographical areas. It currently claims to have over 250,000 monthly active users and over 70,000 merchants on the platform from wide categories such as restaurants, pubs, grocery stores, spas, medical shops, car and bike dealers, schools, gyms, pet stores, electronics & mobile shops, florists, jewellery stores, clothing stores and many more offline stores. It will soon its service in Dubai in partnership with Etisalat.
Online shopping may have become a fad these days but when it comes to the daily needs or needs at the time of emergencies, people still look for things at nearby shops and offline stores. Lookup app connects the people to local business vendors in a secure chat based platform to find products, compare product prices and get other requisite information instantly without moving around.
We want Lookup to be the Google equivalent for finding products and services offline. For this, we hyperlink every local store near you with a simple chat app which give you synchronous connection to the verified vendor,
said Deepak Ravindran, Founder and CEO of Lookup at the recent funding round.
Founded in November last year, it recently hit 1 million users within 9 months of its operations with 800k users on Android. It raised $382 K in seed funding this year from investors including Infosys’ Kris Gopalakrishnan, Teru Sato, DeNA and MKS Group who participated in the current round as well.
The service currently operates in three cities, Bengaluru, Mumbai and Delhi and has received over 15 million messages till date and handles about 100000 daily messages which involve queries from food, medicines, groceries and electronics in a hyper-local area. It has also partnered with companies such as Delhivery and Roadrunner to provide a hassle free and smooth delivery services.
Lookup is now working on a unique concept called Offline API using which people can get anything on demand from a local offline store. For this, it has partnered with vendors like Chai Point (Tea on demand); Laundry; Niteout that delivers food, beverages, munchies and even few medicines throughout the night and Oyo rooms to book rooms in budget hotels across India.