LocalOye shifts its headquarters to Bengaluru

LocalOye, a mobile marketplace for hiring local service professionals has announced the launch of its Bengaluru operations. The start-up which currently works with 3000 merchants in Mumbai will now be launching 20 new categories of service in Bengaluru. The launch will also mark the shift of LocalOye’s headquarters from Mumbai to Bengaluru, to drive the expansion of its technology team and ramping up its business.

LocalOye will be tapping vendors in Bengaluru present across various service categories like Health & Fitness, Home Maintainance, Education, Events and more.

Commenting on the launch, Aditya Rao, CEO, LocalOye, said, “The local services market has not witnessed any kind of innovation in the last decade. We took this as an opportunity by delivering a mobile based solution to our customers and have successfully managed to do that in Mumbai. 1 lakh customers, 3,000 merchants with an average wallet size of Rs. 7,000 spread across 250 categories in Mumbai – we are looking at going past these numbers in Bengaluru. 28 per cent of our customers give us repeat enquiries, clearly showcasing a trend in the shift in customer preferences.”

The LocalOye app uses an advanced recommendation engine to connect customers with high-quality service professionals within few minutes. Once the requirements have been posted, the vendors are notified and the user details like budget, location, timing etc are sent to them. After a service provider accepts the lead, LocalOye connects both the vendor and customer. This way the customer does not have to search or choose from multiple service providers.

Aditya further added, “We are focussed on our growth and are aiming at significantly scaling up our operations in Bengaluru. We intend to be the go-to platform to provide solutions for the customers’ daily problems by leveraging mobile technology.”

LocalOye has recently concluded its round of Series A funding of $5 million from Tiger Global Management and Lightspeed Venture Partners.

Aditya Rao further added, “Now that we have set up our base in Bengaluru, we will be ramping up our team from 25 to 150 employees in the coming months. It would have probably taken us 18-24 months in Mumbai, but in Bengaluru we should be able to grow much quicker.”