logo
logo
AI

Discover the World’s Fastest Business Insights

Get real-time alerts on funding rounds, executive hires, acquisitions, and more— plus verified contact details and AI-powered outreach to connect faster.
Sign up now to unlock exclusive data and opportunities.

Logistics Startup Locad Gets Seed Funding From Sequoia Surge, Others

Logistics Startup Locad Gets Seed Funding From Sequoia Surge, Others

07/05/21, 6:37 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
Round Type
seed
Mumbai: Locad, a logistics and supply chain management company, has raised $4.9 million in a seed funding round led by Sequoia India’s Surge, a startup accelerator. The fundraise also saw the participation of Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family and Hustle Fund, among others.

Company Info

Company
Locad
Location
mumbai, maharashtra, india
Additional Info
The company has offices in Australia, Hong Kong, India, the Philippines and Singapore. “Business customers of Locad have the opportunity to integrate with e-commerce platforms such as Shopify, WooCommerce, Amazon, Shopee, Lazada and Zalora,” the company said in a statement. Constantin Robertz, Jannis Dargel and Shrey Jain, who served in multiple leadership roles at Southeast Asian startups Grab and Zalora, came together in October 2020 to start Locad in Manila and Singapore. While Locad has operations spread across Southeast Asia, where the logistics market is expected to be worth $55.7 billion by 2025, its technology hub lies here in India. Locad is part of Sequoia Surge’s fifth cohort of 23 companies.
G2 High Performer Badge

Never Miss an Opportunity: Your #1 Sales Intelligence Tool

Get lightning-fast updates on funding rounds, executive hires, contract awards, and more—powered by AI-driven insights to help you connect with the right prospects first.