Company Name : LocalCircles
Funding Amount : Undisclosed
Investor(s) Anand Mahindra . .
Funding Round : Not Disclosed
LocalCircles, a Citizen Engagement platform has announced that Mahindra Group Chairman Anand Mahindra has made an investment in the company and will be joining company’s Advisory Board.
Launched in 2013, LocalCircles enables citizens to connect with causes that they care about ranging from Civic Issues, Finding Emergency Assistance, Law & Order, Local and National Governance, etc. It enables citizens to easily come together to assist each other, share information, find resolution, connect with the administration, participate in national/local governance and improve their urban daily lives.
“LocalCircles is like the Whatsapp or Facebook of causes where Facebook/Whatsapp are generally used to connect with people we know, LocalCircles enables one to connect with people they don’t know but care about the same cause – better neighborhood, fighting corruption, making city cleaner/safer or assisting with emergency/blood”, said founder,Sachin Taparia.
LocalCircles has communities in 200 cities of India and will use the proceeds to make the network available to many more citizens and many more causes across India. The company is in discussions with several other social impact investors for the next round of fund raise, estimated at 20 Crores. LocalCircles represents Social Media 2.0 which is focused on solving real world problems by bringing people together.
LocalCircles founding team comprises of Sachin Taparia former Managing Director at Boeing Internaitonal, K Yatish Rajawat, Former Group Managing Editor of Dainik Bhaskar group, Mukesh Gupta Former executive of Juniper Networks and Abhishek Gupta formerly of Oracle Inc.
Mahindra will join Nadir Godrej, Managing Director of Godrej Industries who had invested an undisclosed sum in LocalCircles in early 2013 at concept stage and Maruti Chairman RC Bhargava on the LocalCircles advisory board.