Lio, an IT company, announced that it has secured Rs 37 crore in a seed round sponsored by Sequoia Capital India and Lightspeed India. The money will be used to expand the company's engineering team and improve the number of people who use its mobile app.

Lio is a one-stop shop for all of data, allowing the users to create, maintain, and track all of the records in one place. The startup aims to empower people to operate their businesses smartly by providing easy and intuitive solutions that allow them to efficiently arrange their businesses on their mobile phones.

"The investment by Lightspeed India and Sequoia Capital India helps accelerate Lio's vision of enabling small businesses to be smarter by leveraging their business data for better decision making.

"We aim to achieve this by helping people organize their data," Lio co-founder and CEO Anupam Vijayvergia said in the statement.

Lio has a number of tools for tabulating, calculating, and organising data, such as making customer tables, stock charts, and payment data for businesses, as well as arranging to-do lists, class schedules, and wedding registries.

It was released in November 2020 and claims to have accumulated 10 lakh downloads in just nine months.

The app was also introduced in Indonesia in July 2021, and it has received a lot of positive feedback.

"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.

It is an easy-to-use innovative, powerful, and dynamic mobile application that helps to manage the data and make meaningful decisions. It is available in 10+ languages, with 60+ templates and 10 lac+ users.