The folks at local search engine AskLaila have snagged $10 million in a Series B round of funding, according to VC Circle.
Lightspeed Venture Partners led the round in AskLaila’s parent Bangalore-basedÂ Four Interactive.
Silicon Valley Bank and return investor Matrix Partners India also participated in the latest round.
Matrix invested $2 million in the startup seven months back.
We did a quick check of AskLaila’s service and found it still has ways to go. The service is currently restricted to Bangalore but the company plans to extend it to the other major Indian cities.
AskLaila’s peers include JustDial and the 800-pound gorilla Google. JustDial did better than AskLaila in our quick search of restaurants in Bangalore.
The big question is how all these Indian local search fledglings plan on making decent money at the end of the day. After all, as the dot com boom in the U.S. proved any idiot can start a company. Few can sustain it and fewer still make decent money off it.
AskLaila is the brainchild of Kiran Konduri and Shriram Adukoorie.