Map-based analytics software provider Locale.ai has raised $ 1.3 Million in a seed round from Chiratae Ventures and Better Capital.
The Angels such as former Uber CPO Manik Gupta, Go-Jek SVP of Engineering Sidu Ponnapa, former Clevertap SVP of enterprise sales Kuldeep Dhankar, Whatfix CEO Khadim Batti, Chargebee CEO Krish Subramanian, Bounce CEO Vivekananda HR, Stripe product manager Kaushik Subramanian, and former Paytm Money CEO Praveen Jadhav also participated in this round.
The next phase of the journey would involve scaling Locale across other industries and new markets such as third-party logistics and ecommerce companies and extending more functionalities on the product.
Company: LocateAI Technologies Private Limited
Raised: $1.3M
Round: Seed Round
Funding Month: August 2021
Lead Investors: Chiratae Ventures and Better Capital
Additional Investors: Manik Gupta, Sidu Ponnapa, Kuldeep Dhankar, Khadim Batti, Krish Subramanian, Vivekananda HR, Kaushik Subramanian, and Praveen Jadhav
Company Website: https://www.locale.ai/
Software Category: Geoinformatics platform
About the Company: Founded in March 2019 by Aditi Sinha and Rishabh Jain, Locale.ai provides map-based analytics and decision-making software to measure fleet performance, user behavior, and business health on the ground. Their product ingests data across three verticals: user (demand), fleet (supply), order. They have built modules and analyses that help companies find problematic or growth areas and take action. In those areas, depending on the industry or business model, companies can use demand and supply behavior to plan capacity and bridge supply-demand gaps or change pricing or service level agreements (SLAs).
Source: https://inc42.com/buzz/geoinformatics-platform-locale-ai-backed-by-chiratae-ventures-others/