Logistics & Supply Chain Management Firm Locad raises $4.9 million led by Sequoia Capital & Others
Locad, a logistics and supply chain management integrator, announced a $4.9 million 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 ecommerce brands and retailers with simple yet scalable end-to-end solutions ranging from plug-and-play ecommerce fulfillment to an APAC distributed warehousing network for companies looking to expand internationally.
Locad claims to fill an important gap in the current ecommerce state-of-play - the fragmented, complex, and slow supply chain ecosystem in Southeast Asia - with a fully digital and integrated platform that provides real-time visibility over order and inventory movements.
Locad was founded in October 2020 in Manila and Singapore and now has offices in Australia, Hong Kong, India, the Philippines, and Singapore. While many companies address first and last-mile delivery issues, only a few offer the fully integrated solution that Locad is pioneering.
Locad business customers can also integrate with ecommerce platforms such as Shopify, WooCommerce, Amazon, Shopee, Lazada, and Zalora. Brands can manage all of their orders and stock across multiple sales channels from a single virtual pool, with real-time visibility of sales, orders, inventory, and service levels.
“In an industry where reliability and speed could make or break an ecommerce brand, our ability to provide a one-stop platform, from fulfillment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions,” said Constantin Robertz, CEO and Co-founder of Locad.
According to ResearchAndMarkets, the Southeast Asian logistics market is expected to reach $55.7 billion by 2025, demonstrating the growing demand and necessity for flexible, technology-enabled solutions. With the region's ecommerce exponential growth, Locad is powering ecommerce brands that will play a critical role in driving Southeast Asia's massive post-pandemic growth opportunities.
“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.
Founders Constantin Robertz, Jannis Dargel, and Shrey Jain joined forces to launch Locad after working in leadership roles at Grab and Zalora in Southeast Asia's ecommerce, transportation, and logistics ecosystems.
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).
Locad is a member of Surge's fifth cohort of 23 companies that have created new digital solutions to help businesses and individuals work, live, and learn more effectively in a rapidly changing Southeast Asian landscape.
Locad provides ecommerce brands and retailers with simple yet scalable end-to-end solutions ranging from plug-and-play ecommerce fulfillment to an APAC distributed warehousing network for companies looking to expand internationally.
Locad claims to fill an important gap in the current ecommerce state-of-play - the fragmented, complex, and slow supply chain ecosystem in Southeast Asia - with a fully digital and integrated platform that provides real-time visibility over order and inventory movements.
Locad was founded in October 2020 in Manila and Singapore and now has offices in Australia, Hong Kong, India, the Philippines, and Singapore. While many companies address first and last-mile delivery issues, only a few offer the fully integrated solution that Locad is pioneering.
Locad business customers can also integrate with ecommerce platforms such as Shopify, WooCommerce, Amazon, Shopee, Lazada, and Zalora. Brands can manage all of their orders and stock across multiple sales channels from a single virtual pool, with real-time visibility of sales, orders, inventory, and service levels.
“In an industry where reliability and speed could make or break an ecommerce brand, our ability to provide a one-stop platform, from fulfillment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions,” said Constantin Robertz, CEO and Co-founder of Locad.
According to ResearchAndMarkets, the Southeast Asian logistics market is expected to reach $55.7 billion by 2025, demonstrating the growing demand and necessity for flexible, technology-enabled solutions. With the region's ecommerce exponential growth, Locad is powering ecommerce brands that will play a critical role in driving Southeast Asia's massive post-pandemic growth opportunities.
“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.
Founders Constantin Robertz, Jannis Dargel, and Shrey Jain joined forces to launch Locad after working in leadership roles at Grab and Zalora in Southeast Asia's ecommerce, transportation, and logistics ecosystems.
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).
Locad is a member of Surge's fifth cohort of 23 companies that have created new digital solutions to help businesses and individuals work, live, and learn more effectively in a rapidly changing Southeast Asian landscape.
.jpg "Caim By Arelang: India's First CandyCeuticals Company Offering Nutraceuticals in Irresistibly Tasty Treats")
