Service Professionals Marketplace LocalOye Raises $5mn In Series A Funding

LocayOye, a mobile marketplace for hiring local service professionals, has raised $5 million in series A funding from Tiger Global and Lightspeed Ventures.
LocalOye LogoThe company currently operates in Mumbai, and services 250+ categories, including tutors, appliance repair, yoga, fitness trainers, event photographers, etc.
LocalOye plans to use the newly raised capital to grow aggressively across India and expand to more service categories.
The services the company offers is built on an advanced recommendation engine, showing users local service professionals a few minutes away from them.
While the platform caters to user search at the front, it also allows service men to review, accept, engage and schedule bookings with those customers.
LocalOye eliminates the need for users to take the classifieds approach of going through hundreds of listings, and make several phone calls, while also providing service men a better conversion rates.