Android applications can make big money for the developers if the app is popular. Among some of the most popular apps for any smartphone are the location aware variety that offer information based on where the user is located.

A company called Aloqa has announced that it has received an investment of $1.5 million to develop a new application that offers users suggestions on places to go. Aloqa also named a new CEO, who is a former Google executive named Sanjeev Agrawal.

Investors in the development of the new app include Wellington Partners and others. Aloqa has also recently launched a beta version of a context aware app that offers restaurant and entertainment ideas.

[via Red Herring]