![]() ![]() ![]() ![]() In addition to the United States, it also maintains offices in Australia, Hong Kong, and India. Locad is a business that seeks to aid cross-border e-commerce enterprises with an “end-to-end solution.” The firm’s objective is to bridge the gap between first-mile and last-mile delivery services, allowing e-commerce businesses to provide reduced shipping costs and faster deliveries while freeing up time for other aspects of their business, such as marketing and sales conversions.Ĭonstantin Robertz, a former Zalora director of operations, Jannis Dargel, and Shrey Jain, a former Grab senior product manager of maps, established Locad in Singapore and Manila. The funds will be utilized to expand the startup’s courier and sales channel connections and create new capabilities for its cloud platform, such as better data analytics. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe. Other participants include firms like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund and angel investors such as Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. Locad is presently in the sixth cohort of the program. Surge is Sequoia Capital India‘s scaling up program. Locad, an eCommerce logistics startup, has announced that it has raised $4.9 million in a seed round led by Sequoia Capital India’s Surge. Locad is a company that offers an “end-to-end solution” to cross-border e-commerce businesses. The funds will be used to develop the startup’s courier and distribution networks. Locad is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better in a rapidly evolving Southeast Asian landscape.Locad, an eCommerce logistics business, has raised $4.9 million in a seed round led by Sequoia Capital India’s Surge program. 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). “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.įounders Constantin Robertz, Jannis Dargel and Shrey Jain came together to start Locad after years in Southeast Asia’s ecommerce, transportation and logistics ecosystem, previously working in leadership roles at Grab and Zalora. With the exponential growth of ecommerce in the region, Locad is powering ecommerce brands who will play a pivotal role in driving Southeast Asia’s massive post-pandemic growth opportunity. “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.Īccording to ResearchAndMarkets, the logistics market in Southeast Asia is forecasted to amount to $55.7 billion by 2025 – demonstrating the growing demand and necessity for flexible, technology-enabled solutions. Brands can manage all their orders and stock from a single virtual pool across multiple sales channels, with real-time visibility of sales, orders, inventory, and service levels. Business customers of Locad also have the opportunity to integrate with ecommerce platforms such as Shopify, WooCommerce, Amazon, Shopee, Lazada and Zalora. While many companies address first mile and last mile problems in delivery, very few provide the fully integrated solution that Locad is pioneering. Founders (L-R): Shrey Jain, Constantin Robertz and Jannis Dargelįounded in Manila and Singapore in October 2020, Locad has offices in Australia, Hong Kong, India, the Philippines and Singapore. ![]()
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