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One platform for everything local
Building a one stop place for all local needs for billion non-English speaking Indians.
Founded in 2018, Lokal is on a mission to strengthen hyperlocal communities by enabling its mostly non-English users to share, interact and transact in their regional language. Lokal users gain access to hyperlocal information such as daily commodity prices, local jobs, real estate, matrimonial, local business advertorials and classifieds which would otherwise be scattered across local newspapers.
The app is available in Kannada, Telugu, Tamil, Malayalam, Gujarati, Bengali and Marathi, and has 45M+ downloads with a presence across 1000+ towns and 250+ districts across India. Having achieved unmatched user density in deep tier 2 & 3 locations in India, Lokal has raised Rs 120 crore in a Series B funding round from new investors Global Brain and Sony Innovation Fund and is also been supported by marquee investors, namely 3 one 4 Capital, India Quotient, Y Combinator.
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With 25 lakh+ job opportunities available, reach out to the recruiter directly to apply based on your qualification and interested job role.
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Lokal currently has:
As Lokal is at Early Scaling stage, north star metrics for a news (Social Media) application would be:
Revenue = No of free customers X Average No of Sessions Per User X Average Ad Revenue per session
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Lokal last year made $3 Million using AVOD
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Current monthly new users | 1250000 |
Current definition of casual users | Uses Lokal App for less than 15 minutes on a daily basis |
Current definition of core users | Uses Lokal App for 15 to 30 minutes on a daily basis |
Current definition of power users | Uses Lokal App for 30 minutes+ on a daily basis |
Activation metric definition | Use Lokal App for 3 consecutive days for ~ 15 mins on a daily basis |
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Existing users |
10,000,000 |
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80% | 70% | 64% | 50% | 47% | 40% | 38% | 36% | 34% | 32% | 30% | 28% | 28% |
Month 0 | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 |
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Nuke scenario is what happens to Lokal in terms of number of users if no new users are added for next 12 months. In such a scenario, two aspects come into play.
We have to grow revenue from $3 Million to $20 Million
Currently, $0.025 is the monthly Ad revenue per user which we need to take to $2
https://docs.google.com/spreadsheets/d/1wT03w7JMtc6-pbRe3svj7CZTwe45tPnSrId-U8rRhfw/edit?gid=0#gid=0
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