Led by Sequoia Capital India’s Surge, the seed investment round of Locad is joined by Antler, Febe Ventures, Foxmont, Global Founders Capital, the Gokongwei Family, Hustle Fund and angel investors from the technology, ecommerce and logistics ecosystem, including Alessandro Duri (ecommerce, MEA), Paulo Campos (ecommerce, Zalora), Henry Ko (Logistics, Flexport), Huey Lin (Technology, xAffirm and xFlexport), Thibaud Lecuyer (Logistics, Loggi), Oliver Mickler and Tim Seithe (Fintech, Tillhub), Christian Weiss and Tim Marbach (Technology, Venture Capital). Logistics and supply chain management integrator Locad raised 4. Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund participated in the round. The industry is expected to be worth $380 billion by 2025, with a CAGR of 10-12% over the forecasted period.“Bengaluru is our Engineering HQ, the heart of our platform is developed here, and we are set on hiring the best and brightest tech talent to drive our expansion goals across the region,” added Shrey Jain, CTO and Co-founder of Locad.įounders Constantin Robertz, Jannis Dargel and Shrey Jain came together to start Locad after years in Southeast Asia's ecommerce, transportation and logistics ecosystem, previously working in leadership roles at Grab and Zalora. Philippine logistics startup LOCAD said Monday it has received 4.9 million (P241. Locad, a logistics and supply chain management integrator, has raised 4.9 million in a seed funding round led by Sequoia Capital India’s Surge. According to Statista, the country’s supply chain market is expected to be worth $250 billion in fiscal year 2021. Locad is making multi-channel e-commerce fulfilment easier than ever by offering a distributed warehousing network, which reduces shipping time and costs by. Currently, the startup is expanding its warehouse capacity, partnering with transport operators, and hiring talent for its Bengaluru office. It will also invest in expanding its fulfilment network. Locad plans to use the additional funds to expand its product development and hire talent across India and Asia-Pacific (APAC). The fifth (and largest) cohort of venture capital firm Sequoia Capital India’s accelerator program for India and SouthEast Asia, Surge has been announced, featuring no less than 23 early-stage. Eighth cohort smallest, so far The current cohort is its smallest yet. Some noteworthy startups from earlier Surge cohorts include Scaler Academy, Khatabook, Locad, Classplus, Plum and Bijak. Logistics and supply chain management integrator Locad on Monday announced 4.
Locad provides ecommerce brands with a cloud supply chain that allows them to grow their omnichannel business by automatically storing, packing, shipping, and tracking orders across the Asia-Pacific region. While it initially wrote cheques of between 1 million and 2 million each in startups, it has since increased the backing amount to up to 3 million. Locad, a company offering SMEs end-to-end logistics and warehousing solutions, announced it secured 4.9 million in a funding round led by Sequoia Capital India. Valora is a non-custodial wallet that already has more than 200K users with balance and 53K monthly active users in over 100 countries since its public launch last February 2021. Logistics startup Locad today announced it has raised 11 million in an early-stage funding round led by Reefknot Investments to expand its network of supply chain capabilities into Asia-Pacific.
#Locad sequoia series
Logistics startup Locad raised $11 million in Series A led by Reefknot Investments, a fund led by Temasek and Kuehne & Nagel where existing investors Sequoia India’s Surge, Febe Ventures, Antler, and new investors–Access Ventures, JG Summit and WTI also participated. Mumbai: Logistics and supply chain management integrator Locad has raised 4.9 million (Rs 36. We run the storage, packing, shipping, and tracking of your products through our international network of warehouses and local carriers.
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