Locad’s platform, dubbed the logistics engine, was largely built by their tech and engineering team in India which syncs inventory across sales channels and orchestrates end-to-end order fulfillment for B2C and B2B orders, from storage to delivery, through a network of warehouses and shipping partners. The round was led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel. ![]() To ensure customers receive their products at optimal speed and low shipping cost, Locad enables multi-carrier shipping for the last mile, with plug and play integrations to major last-mile delivery providers, and a multi-carrier shipping management module to automate the assignment of customer orders to the last-mile carrier of choice.16th January 2023, Bengaluru: Logistics engine Locad is today announcing it has raised an $11M Series A funding round to expand their supply chain platform that allows modern consumer brands in Thailand and across Asia-Pacific to automatically store, pack, ship and track orders in a distributed, end-to-end supply chain as-a-service. Brands can manage all their orders and stock from a single virtual pool across all sales channels, while benefiting from real-time visibility of sales, orders, inventory, and service levels. It makes warehouses act as one, and the platform combines distributed warehouses and fulfilment partners, as well as platforms such as Shopify, Magento, Amazon, Shopee and Lazada. Locad leverages on technology to integrate a network of distributed warehouses, fulfilment partners and last-mile shipping options that allow brands to manage their B2C supply chain end-to-end. The company currently has warehouses in Taguig, Parañaque, Laguna, Cebu, and soon to open in Davao. ![]() Locad co-founder and chief operating office Jannis Dargel said they need strategically placed warehouses throughout the country, which will include larger warehouses “that have the power to scale up throughout the ‘ber months’, throughout the peaks” and some strategic small hubs “that would then be able to cover really all of the segments of cities with prime delivery standards.” The fresh funding will also be used to expand Locad’s warehouse network in the Philippines and broaden its regional footprint in Southeast Asia and Australia. Locad co-founder and chief executive officer Constantin Robertz said the additional funding “will accelerate the development of Locad’s technology and will create better opportunities for businesses that select the logistics cloud as their platform of choice to grow their direct-to-consumer business in eCommerce and omnichannel retail, also ensuring continuity for years to come.” Other investors in the Locad funding round include Antler, FEBE Ventures, Foxmont Capital Partners, Global Founders Capital, the Gokongwei family, Hustle Fund, and several other angel investors from the technology, ecommerce and logistics ecosystem. Locad is part of the fifth cohort of Sequoia Capital’s Surge accelerator program, which seeks to fund startups. Founded in Manila and Singapore in October last year, Locad also maintains offices in India and Australia. As a multi-channel fulfillment partner, it aims to shorten transit times, lower shipping costs, and improve customer delivery experience. Locad offers an international fulfillment network and flexible on-demand warehousing to brands and retailers in the e-commerce landscape. Logistics and supply chain management integrator Locad has secured US$4.9 million in new funds from venture capital firms led by Sequoia Capital India. ![]()
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