Lio, an India-based software as a service (SaaS) company, raised $5 million (around Rs 36.5 crore) in seed funding led by Sequoia Capital India and Lightspeed India.
The fund will use to expand the engineering team and increase the number of users of the mobile app.
Company: Swific Technology Private Limited
Raised: $5.0M
Round: Seed Round
Funding Month: September 2021
Lead Investors: Sequoia Capital India and Lightspeed India
Additional Investors:
Company Website: https://lio.io/
Software Category: Excel and Business App
About the Company: Launched in 2020, Lio helps its users organize their data efficiently on mobile phones. Used for a variety of tabulation, calculation, and organizing needs, such as organizing to-do lists, class schedules, or wedding registries. Since the launch, the product has crossed one million downloads on the App Store within nine months. In July 2021, launched in Indonesia currently, the app is available in 10 Indian languages and Bahasa Indonesia.
Source: https://www.vccircle.com/saas-startup-lio-raises-5-mn-seed-funding-led-by-sequoia-capital-and-lightspeed/