VC Fund Investments
Fashion supply chain platform Locofast raises $15-M from Chiratae, Stellaris, others
Locofast, a New Delhi-based fashion supply chain platform, has raised USD 15 million in a Series A funding round from Stellaris Venture Partners and Chiratae Ventures. The round also saw participation from Kris Gopalakrishnan-led Axilor Ventures and angel investors including fintech firm Uni's Nitin Gupta and Suhail Sameer, BharatPe's CEO. Locofast has also raised venture debt from Stride Ventures and Blacksoil Capital. The firm will use the funds to develop existing products and launch new ones targeting SMEs. It also plans on expanding in over 15 cities.
From the Venture Intelligence PE-VC Deal Database: Between Mar-20 and Sep-21, Locofast raised funding from Axilor Ventures, Chiratae Ventures, and others.
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