Singapore-based technology company Locad has announced that it has raised $4.9 million in Sequoia Capital India’s Surge led seed funding round.
The latest round also saw participation from Global Founders Capital, Antler, Gokongwei Family, Febe Ventures, Hustle Fund and Foxmont.
Constantin Robertz, CEO and Co-founder of Locad, said, “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.”
CTO and Co-founder of Locad – Shrey Jain added, “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.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.