Lookup, a free and secure messaging app that connects shoppers with local
businesses has raised Series A funding from Twitter co-founder Biz Stone. Biz
has joined the team as an investor and advisor. Lookup will be employing the
funds towards investment in
expanding its merchant base in order to enhance convenience for its users and
to branch out in newer geographies.
Lookup raised a total of $382,000 in
its seed round, from multiple investors including Infosys’ Kris
Gopalakrishnan, Teru Sato, DeNA and MKS Group (Switzerland). It was started by Innoz’s
Deepak Ravindran and within about 5 months of launch, Lookup has already
registered over 2, 00,000 downloads and has answered over 3 million queries.
Speaking on his investment, Biz Stone said, “I'm honored to be a part of Deepak’s next big project
and I am truly impressed by what he has already accomplished in his life. I’m
very excited about working with such an inspiring entrepreneur, whom I share
common ideologies with.”
Deepak Ravindran, Founder and CEO of Lookup said, “I am extremely thrilled that Biz Stone
is personally investing in our Series A round. It is almost surreal. His
beliefs and ideals are very fascinating and I am glad that someone so
altruistic and with such a genuine moral compass is a mentor and advisor to me
and my company.”
On his future plans, he added, “Receiving this
funding is like getting another opportunity to blazon the world with
innovation; to fill more e-pages in the world of businesses and startups. We
plan to integrate all the offline businesses into the online world and connect
them to their customers. The final goal is to make Lookup a global phenomenon
and hope to ease the busy lives of the people.”
Besides co-founding Twitter, Biz
Stone also helped create and launch Xanga, Odeo, The Obvious Corporation and Medium. In 2012,
Stone co-founded a start-up called Jelly Industries where he serves as CEO. The
release of the Jelly
app, a Q&A platform that relies on images, was officially
announced in January 2014. He was named GQ’s ‘Nerd of the Year’ in 2009, one of the Most Influential People
in The World by Time magazine, Entrepreneur
of the Decade by Inc. magazine, and
one of Vanity Fair's Top Ten Most Influential People of the Information
Age.
About Lookup:
Lookup is a mobile app that aims to use chat to disrupt local e-commerce in India. Besides eliminating the need to call a retailer and wait for a response, Lookup assimilates all the requirements of the modern consumer in to one app. Based out of Bengaluru, the company started operations in October 2014 with the launch of the Android app. The iOS app was launched in March 2015. Going forward, Lookup will introduce more categories, payment options, NLP/Artificial Intelligence, deep linking to other apps as well as add a virtual store on its platform for vendors to sell through Lookup besides fostering partnerships with businesses in newer verticals such as education.
Lookup is a mobile app that aims to use chat to disrupt local e-commerce in India. Besides eliminating the need to call a retailer and wait for a response, Lookup assimilates all the requirements of the modern consumer in to one app. Based out of Bengaluru, the company started operations in October 2014 with the launch of the Android app. The iOS app was launched in March 2015. Going forward, Lookup will introduce more categories, payment options, NLP/Artificial Intelligence, deep linking to other apps as well as add a virtual store on its platform for vendors to sell through Lookup besides fostering partnerships with businesses in newer verticals such as education.