LoveLocal raises $18 million funding round led by Vulcan Capital

LoveLocal, an aggregator of hyper-local retailers, has raised $18 million (Rs 143 crore) in a funding round led by Vulcan Capital, which was founded by Microsoft cofounder Paul Allen.

Vulcan Capital had backed homegrown ecommerce marketplace Flipkart in 2013.

Alumni Ventures Group, Commerce Ventures as well as angel investors including Nami Zarringhalam, cofounder of Truecaller; Sriram Krishnan, general partner of Andreessen Horowitz, also participated in the funding round.