Locad, a Singapore-based logistics and supply chain management company, raised USD 4.9 million in seed round on July 5th, 2021. The startup aims to aid the cross border eCommerce companies which they describe as an “end-to-end solution”. 

Sequoia Capital India’s Surge led this funding round, along with the participation of investment firms and angel investors. The angel investors in the funder’s list were Alessandro Duri, Alexander Friedhoff, Christian Weiss, Oliver Mickler, Paulo Campos,  Henry Ko, Huey Lin, Markus Bruderer, Dr. Markus Erken, Max Moldenhauer, Stefan Mader, Thibaud Lecuyer, Tim Seithe, and Tim Marbach.

About Locad  – 

Founded in Singapore, in the year 2020, Locad’s goal is to close the gap between the first and last mile of the delivery. The startup was initiated by  Constantin Robertz, Shrey Jain, and Jannis Dargel. Robertz was former Director of Operation at Zalora. Shrey worked as a lead product manager at Grab. 

Locad is a part of Surge’s fifth cohort of 23 companies that have developed a new solution to help companies and individuals work, learn and live better in a fast-developing landscape of SouthEast Asia.

The startup has offices in Hong Kong, India, and Australia.  It offers fast deliveries and lower shipping rates while freeing up more time for focusing on other sections of operations, such as marketing and sales. 

“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.

Since it was initiated in October 2020, Locad has been chosen by 30 brands, to process nearly 600,000 items. The list of clients of the startup includes some of the famous international companies like Toshiba, Vans, Payless Shoes, and Landmark.

“In an industry where reliability and speed could make or break an eCommerce brand, our ability to provide a one-stop platform, from fulfilment 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.

Locad is among the growing roster of logistics startups of Southeast Asia that have recently raised funding. The startup aims to differentiate itself by providing a flexible solution that can work with any sales channel and strives to integrate with a wide range of shipping providers.

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