East West Digital News 17 September 2012
Last week, Lokata.ru, a startup driving Internet and mobile users to offline stores, completed a new round of financing from German-American venture fund E.Ventures (formerly known as E-Ventures Capital Partners) and Bonial International Group, a German company which has developed similar projects in several European countries. The terms of the deal have not been disclosed.
Following a concept initially developed by Germany’s KaufDa, Lokata users can identify nearby stores using search filters such as product category, retailer and even brand.
Users can also view online catalogs, which carry all of products available by participating retailers in the area. When a retailer discounts a particular product desired by the user, Lokata alerts the user.