VC Fund Investments
SE Asian supply chain mgmt firm Locad raises $4.9 M from Sequoia, Antler, others
South East Asia-based Logistics and supply chain management integrator Locad has raised USD 4.9 million (about INR 36.4 crore) in a funding round led by Sequoia Capital India's Surge program. The seed round also saw participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family and Hustle Fund. Angel investors including Alessandro Duri (eCommerce, MEA), Paulo Campos (eCommerce, Zalora), Henry Ko (Logistics, Flexport), Huey Lin (Technology, xFlexport), Thibaud Lecuyer (Logistics, Loggi), Oliver Mickler and Tim Seithe (Fintech, Tillhub), Christian Weiss and Tim Marbach (Technology, Venture Capital) also participated. Locad is part of Surge's fifth cohort of 23 companies. Founded in Manila and Singapore in October 2020 by Constantin Robertz, Jannis Dargel and Shrey Jain, Locad offers e-commerce brands and retailers end-to-end solutions, ranging from plug-and-play e-commerce fulfilment, to a distributed warehousing network in Asia Pacific for companies that are looking to scale their business internationally. It has offices in Australia, Hong Kong, India, the Philippines and Singapore.
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