1. Lookup raises $2.5 m to up merchant base

Lookup raises $2.5 m to up merchant base

Lookup, a free messaging app that connects shoppers with local businesses, has raised $2.5 million in Series A funding.

By: | Bangalore | Published: October 15, 2015 12:30 AM

Lookup, a free messaging app that connects shoppers with local businesses, has raised $2.5 million in Series A funding. The startup raised the amount from a clutch of investors led by Vinod Khosla’s personal fund Khosla Impact.

Twitter co-founder Biz Stone, Narayana Murthy’s Catamaran Ventures and Global Founders Capital, the European investment fund from Rocket Internet’s Samwer brothers also took part in the funding round.

Other investors include Geneva-based ACE & Company, Singapore-based M&S partners, New Look fashion chain founder Tom Singh and LivSpace founder and former Google Local head Anuj Srivastava. In January this year, Lookup had raised a total of $382,000 (about Rs 2.48 crore) in its seed round from Infosys co-founder Kris Gopalakrishnan, DeNA Japan, Beenos founder Teruhide Sato and MKS Switzerland SA.

The latest funding will be employed to  expand Lookup’s merchant base, in order to enhance convenience for its users and to branch out into newer geographies.

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