Lio, a SaaS company that helps users organize their business and personal data on mobiles, has raised $5 million in seed funding — led by Sequoia Capital India and Lightspeed India.
Lio helps its users organize their data efficiently on their mobile phones. Customers use Lio for a variety of tabulation, calculation and organizing needs, such as creating tables of customer/stock/payment data for businesses or organizing to-do lists, class schedules/wedding registries.
Lio, launched in November 2020, has 1 million downloads on the app store within 9 months. Lio was launched in Indonesia in July 2021. Currently, application is available in 10 Indian languages and Bhasha indonesia, with approx 45 percent usage in vernacular languages.
“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 customize to their needs,” said Anupam Vijayvergia, co-founder & CEO of Lio.
Lio users can organize their information across 60+ data templates which are organized by professional and interest-based communities. These templates are available in communities which are organized by professional affiliation (such as taxi, shopkeepers, restaurant owners, insurance agents, realty brokers, etc.) and by personal interest groups (such as fitness, travel, apartment etc).
Lio had raised an angel round from prominent names in the industry including Aakrit Vaish, Anupam Mittal, Ashish Hemrajani, Gaurav Munjal, Haresh Chawla, Kunal Bahl, Kunal Shah, Maninder Gulati, Miten Sampat, Prakshit Dar, Rohit Bansal, Roman Saini, Sachin Bhatia, Siddharth Rao in March 2021.