Locale.ai secured undisclosed amount of funding from Better Capital and others

Locale.ai, a Bangalore based local analytics startup, has secured an undisclosed amount of funding,  The Hindu Business Line reported.

The latest funding round was led by the Better Capital. Other investors who noted their participation are, the angel investors such as Fusion Charts co-founder Pallav Nadhani and Nudgespot and Myntra co-founder Raveen Sastry in a round of pre-seed, notes the report.

Locale.ai is founded by the Aditi Sinha and Rishabh Jain in the year 2019 and is operated by the Locate AI Technologies Pvt Ltd.

Executive Opinion

In HBL report, Co-founder of Locale.ai, said, "We help companies decrease their customer acquisition cost by expanding in areas based on latent demand, reduce user churn by providing better service level agreements in locations where they drop-off and increase existing customer revenue by doing geo-targeting based on users they move and where they order from."

Locale.ai's Latest Funding

The company, as of now, has plans to use the funds to scale and expand across the globe, mainly in the US.

The startup aims to help companies engaged in moving assets to get more sustainable demand with the help of real-time location analytics. Locale.ai is already working with the delivery and mobility companies in India, Argentina, the US and France.