New Delhi: This start up Leo on Wednesday said it has raised around Rs 37 crore in seed funding round Sequoia Capital India and Lightspeed India. The company plans to use the investment primarily to expand its engineering team and increase the number of users of the mobile application.

The investment by Lightspeed India and Sequoia Capital India helps accelerate Leo’s vision to enable small businesses to make smarter decisions by leveraging their business data.

“We aim to achieve this by helping people organize their data,” jumbled up Co-Founder and CEO Anupam Vijayvergia said in the statement.

Leo offers a variety of tools for tabulation, calculation and organizing needs, such as organizing customer, stock, payment data for businesses or to-do lists, class schedules or wedding registries.

It was launched in November 2020, and claims to have registered 1 million downloads on the App Store within 9 months.

In July 2021, the app was also launched in Indonesia, and has seen strong adoption.

“Lio had raised an angel round from prominent names in the industry including Aakrit Vaish, Anupam Mittal, Ashish Hemrajani, Gaurav Munjal, Haresh Chawla, Kunal Bahl, Kunal Shah, Maninder Gulati, Miten Sampat, Prakshit Dar, Rohit Bansal, Roman Saini, Sachin Bhatia, Siddharth Rao in March 2021,” it added.