Tencent backs Indian social media Lokal

Indian hyperlocal social media platform Lokal has raised $12 million in a new round of financing led by Chinese internet conglomerate Tencent, according to a source familiar with the matter. Existing investors 3one4 Capital, Y Combinator, and India Quotient have also participated in the Bangalore-based startup’s Series A, the source said, requesting anonymity as the […]...