VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here: IndiaNotes >> Author's Corner >> Businesswire India Press Releases

Businesswire India Press Releases

LocalCircles Announces Investment from Anand Mahindra and his Appointment on Advisory Board

10-12-2015 5:00PM | Source : LocalCircles
 
 
Business Wire India
  • Investment part of a larger capital raise round from leading Social Impact investors
  • Allows company to make the platform available for many more citizens and many more causes
  • Citizen communities playing a pivotal role is key areas like emergency assistance, civic and governance issues
     
?LocalCircles (https://www.localcircles.com), India’s leading Citizen Engagement platform today announced that Mahindra Group Chairman Anand Mahindra has made an investment in the company and will be joining company’s Advisory Board.
 
Launched in 2013, LocalCircles is now India’s largest online citizen engagement platform that enables citizens to connect with causes that they care about ranging from Civic Issues, Finding Emergency Assistance, Law & Order, Local and National Governance, etc. It enables citizens to easily come together to assist each other, share information, find resolution, connect with the administration, participate in national/local governance and improve their urban daily lives.

The impact of collective citizen participation has already become visible in many areas of governance and communities. A few of the many examples are:
 
  • The Chennai Emergency Response circle with 25,000 citizens assisting each other during Chennai floods and collectively working to get telecom service providers and banks to provide special credits and permit payment delays
  • The LocalCircles 1 year Swachh Bharat poll with 335,000 strong citizens across 200 cities highlighting to the Government what’s working and what needs immediate attention to make Swachh Bharat delivery more effective.
  • The 140,000 strong Make Railways Better community whose collective inputs are regularly used by Ministry of Railways and played a direct role in the budget and identifying the tout booking scam
  • The Blood circle of Delhi/NCR with 100,000 blood donors being able to assist with a Blood request within few hours
     
“LocalCircles has built a community and a network across the country in an admirably short span of time. I am making this investment because this is what is termed a 'shared value' project, where you can do well and do good at the same time. I think LocalCircles has the potential for make things better for average citizens, by empowering them to help themselves and that is an extremely exciting prospect, said Anand Mahindra.
 
“Anand Mahindra’s understanding of social challenges in India will be a great asset for LocalCircles in achieving its potential to do good”, said Sachin Taparia, Chairman and CEO of LocalCircles. “LocalCircles is like the Whatsapp or Facebook of causes where Facebook/Whatsapp are generally used to connect with people we know, LocalCircles enables one to connect with people they don’t know but care about the same cause – better neighborhood, fighting corruption, making city cleaner/safer or assisting with emergency/blood”, continued Taparia.
 
LocalCircles has communities in 200 cities of India already will use the proceeds to make the network available to many more citizens and many more causes across India. The company is in discussions with several other social impact investors for the next round of fund raise, estimated at 20 Crores. LocalCircles represents Social Media 2.0 which is focused on solving real world problems by bringing people together.
 
LocalCircles founding team comprises of Sachin Taparia former Managing Director at Boeing Internaitonal, K Yatish Rajawat, Former Group Managing Editor of Dainik Bhaskar group, Mukesh Gupta Former executive of Juniper Networks and Abhishek Gupta formerly of Oracle Inc.

Mahindra will join Nadir Godrej, Managing Director of Godrej Industries who had invested an undisclosed sum in LocalCircles in early 2013 at concept stage and Maruti Chairman RC Bhargava on the LocalCircles advisory board.
 
About LocalCircles

LocalCircles takes Social Media to the next level and makes it about Communities, Governance and Utility. It enables citizens to connect with communities for most aspects of urban daily life like Neighborhood, Constituency, City, Government, Causes, Interests and Needs, seek information/assistance when needed, come together for various initiatives and improve their urban daily life. LocalCircles is free for citizens and always will be!
 

LocalCircles, K Yatish Rajawat, +91-9818311177

[email protected]
 

Intraday Tips

What are technical calls?
* SEBI certified analyst


View Stock Advice by: