Lio, a SaaS startup, has announced that it has raised $5 million in Lightspeed India Partners and Sequoia Capital India led seed funding round.
“The investment by Lightspeed India and Sequoia Capital India helps accelerate Lio’s vision of enabling small businesses to be smarter by leveraging their business data for better decision making. We aim to achieve this by helping people organize their data using a simple yet powerful mobile app that they can customise to their needs,” commented Anupam Vijayvergia, co-founder and CEO, Lio.
Anurag Vijayvergia, co-founder and CPO at Lio, said, “With this investment, we aim to scale up the engineering and product team at Lio. We are proud to be a first-of-a-kind platform that enables mobile first users to be a smarter version of themselves leveraging the data templates created by other users in their community, which makes Lio progressively better for every successive user.”
“The global pandemic drove a step function jump in digital transactions for mobile-first small businesses and prosumers. As a result, the need for an easy-to-use mobile-centric platform that enables collection, analysis and sharing of data is more acute than ever,” added Dev Khare, Partner – Lightspeed.
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