Regional language focused news and classifieds startup, Lokal, has raised $3 million in a funding round from 3one4 Capital, Y Combinator, RB Investments, SOMA Capital and existing investor India Quotient. The startup would deploy the funds to improve its product, expand its team and enter new markets apart from strengthening its presence in existing markets.
The Bengaluru-based startup aims to serve news to vernacular audiences based on their location with separate language offerings for different districts across states. (Source)
