Locobuzz gets pre-Series A funding from SIDBI Venture Capital

Pune: Locobuzz, a digital buyer expertise platform, has raised Rs 9 crore in pre-Sequence A funding from Maharashtra State Social Enterprise Fund of SIDBI Enterprise Capital Ltd. The funds can be used to boost the technological capabilities of the platform, scale up the workforce throughout capabilities and advertising and marketing and gross sales efforts.

Based in 2015, Mumbai-based Locobuzz is a software-as-a-service (SaaS) platform which helps business-to-consumer manufacturers with real-time analytics, client expertise automation and insights and social media administration.

“This spherical of funding is basically encouraging and we’re excited to associate with SIDBI Enterprise for our subsequent part of progress,” mentioned Vishal Agarwal, chief govt officer (CEO) at Locobuzz. “Within the subsequent couple of months, we are going to direct our consideration in direction of additional product improvement, enterprise progress and advertising and marketing initiatives. We can provide much more to our shopper companions.”

The corporate makes use of synthetic intelligence, machine studying and massive information analytics to assist firms streamline and remodel their buyer expertise. It really works with a number of Fortune 500 firms in sectors corresponding to banking and monetary companies, telecom, auto, retail and client items.

“We’re completely happy to see Locobuzz as a number one Unified Digital Buyer Expertise platform that companies purchasers throughout key consumer-facing companies. We sit up for working with Vishal and the workforce in Locobuzz to develop amidst a big market alternative,” mentioned Mahendra Lodha, vp at SIDBI Enterprise Capital.