Powered by a fully digital and integrated platform with real time visibility over order and inventory movements, Locad plugs an important gap in the current eCommerce state-of-play – the fragmented, complex, and slow supply chain ecosystem in Southeast Asia. Locad offers eCommerce brands and retailers simple yet scalable end-to-end solutions, ranging from plug-and-play eCommerce fulfilment, to a distributed warehousing network in APAC for companies that are looking to scale their business internationally. Locad’s fulfillment network has processed close to 600,000 items, is currently serving more than 30 brands for eCommerce fulfillment, and has seen its business double over the last three monthsīengaluru, NFAPost: Logistics and supply chain management integrator Locad announced $4.9 million in funding, in a seed round led by Sequoia Capital India’s Surge with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund. Locad provides a simple yet scalable end-to-end solution to power brands and retailers who are riding the burgeoning wave of eCommerce growth across Southeast Asia Locad seeks to set itself apart by offering a versatile solution that can be used with any sales channel and is integrated with various shipping companies.The funding led by Sequoia Capital India’s Surge Kargo, SiCepat, Advotics, and Logisly are among a growing list of Southeast Asia-based logistics businesses with recently secured financing. Mango, Vans, Payless Shoes, Toshiba, and Landmark, a Philippine department store chain, are among its clientele, varying from startups to multinational companies. Locad has been utilized by over 30 businesses and has processed almost 600,000 products since its launch in October 2020. Part of the money will go into expanding into other Asia-Pacific markets, with an emphasis on Southeast Asia and Australia. Locad india software#The firm contributes a cloud software platform that acts as a “control tower,” allowing customers to access real-time inventory and order information throughout Locad’s network.įour of the company’s fulfillment facilities are located in the Philippines, with the remaining three in Singapore, New South Wales, Australia, and Hong Kong. Robertz told TechCrunch that by collaborating with warehouse owners and facility managers, Locad can maintain an asset-light business strategy. In addition to the United States, it also maintains offices in Australia, Hong Kong, and India. Locad is a business that seeks to aid cross-border e-commerce enterprises with an “end-to-end solution.” The firm’s objective is to bridge the gap between first-mile and last-mile delivery services, allowing e-commerce businesses to provide reduced shipping costs and faster deliveries while freeing up time for other aspects of their business, such as marketing and sales conversions.Ĭonstantin Robertz, a former Zalora director of operations, Jannis Dargel, and Shrey Jain, a former Grab senior product manager of maps, established Locad in Singapore and Manila. The funds will be utilized to expand the startup’s courier and sales channel connections and create new capabilities for its cloud platform, such as better data analytics. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe. Other participants include firms like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund and angel investors such as Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. Locad is presently in the sixth cohort of the program. Surge is Sequoia Capital India‘s scaling up program. Locad, an eCommerce logistics startup, has announced that it has raised $4.9 million in a seed round led by Sequoia Capital India’s Surge. Locad is a company that offers an “end-to-end solution” to cross-border e-commerce businesses. The funds will be used to develop the startup’s courier and distribution networks. Locad, an eCommerce logistics business, has raised $4.9 million in a seed round led by Sequoia Capital India’s Surge program.
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