Location analytics startup Locale.ai said Thursday that it has raised $ 1.3 million (₹ 9.6 crore) in a seed round from Chiratae Ventures and Better Capital.
The round also featured the participation of angel investors such as Manik Gupta (ex-CPO, Uber), Sidu Ponnapa (Senior Vice President, Engineering, Go-Jek), Kuldeep Dhankar (former Senior Vice President, Business Sales, Clevertap), Khadim Batti ( CEO, Whatfix), Krish Subramanian (CEO, Chargebee), Vivekananda HR (CEO, Bounce), Kaushik Subramanian (Product, Stripe), Praveen Jadav (ex-CEO, Paytm Money).
Founded in March 2019 by Aditi Sinha and Rishabh Jain, Locale helps companies with mobile assets (goods, delivery partners, sales partners, vehicles, etc.), increase revenue and obtain more sustainable demand using data and analytics. location in real time.
Aditi Sinha, Co-Founder, Locale.ai said: “We were inspired by Uber and Amazon, which grew into multi-billion dollar businesses by making location and supply decisions at their core. Locale’s goal is to help all companies with users in motion (demand) / fleet (supply) to provide the same level of tools and infrastructure and achieve operational excellence ”
The locale .ai product ingests data across three verticals: user (demand), fleet (supply), and order. The platforms have built-in modules and analytics that help companies find and take action on problem or growth areas. In those areas, depending on the industry or business model, companies can use demand and supply behavior to plan capacity, close the gap between supply and demand, or change prices or SLAs.
“If growth teams use Mixpanel or Amplitude to cohort and A / B testing websites and web applications, they also need to have a product that allows them to experiment with their operational decisions and measure their impact. Locale is designed for sophisticated teams. who care about experimentation, feedback and fast movement to improve their operational metrics, “added Rishabh Jain, Co-Founder of Locale.ai.
Locale currently works with companies from nine countries in Europe, Latin America, MENA and India and Singapore. Its clients include Bounce (India), Dunzo (India), Zwings (UK), OMNi (Costa Rica) and it has also successfully partnered with Wunder Mobility (Germany). The startup claims to impact Omni’s top line by helping them improve their order volumes and helped Zwings’ workforce to be 50% more productive by helping them swap batteries efficiently.
