E-commerce logistics startup Locad gets $4.5M seed round led by Sequoia Capital India – TechCrunch


E-commerce is booming in Southeast Asia, however in lots of markets, the fragmented logistics trade is struggling to catch up. This implies sellers run into roadblocks when transport to consumers, particularly exterior of main metropolitan areas, and managing their provide chains. Locad, a startup that desires to assist with what it describes as an “end-to-end resolution” for cross-border e-commerce firms, introduced immediately it has raised a $4.5 million seed spherical.

The funding was led by Sequoia Capital India’s Surge (Locad is at the moment part of this system’s fifth cohort), with participation from corporations like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund. It additionally included angel buyers Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe.

Locad was based in Singapore and Manila by Constantin Robertz, former Zalora director of operations Jannis Dargel and Shrey Jain, beforehand Seize’s lead product supervisor of maps. It now additionally has places of work in Australia, Hong Kong and India. The startup’s aim is to shut the hole between first-mile and last-mile supply providers, enabling e-commerce firms to supply decrease transport charges and sooner deliveries whereas liberating up extra time for different elements of their operations, akin to advertising and gross sales conversions.

Since its founding in October 2020, Locad has been utilized by greater than 30 manufacturers and processed nearly 600,000 objects. Its shoppers vary from startups to worldwide manufacturers, and embody Mango, Vans, Payless Footwear, Toshiba and Landmark, a division retailer chain within the Philippines.

Locad is amongst a rising roster of different Southeast Asia-based logistics startups which have lately raised funding, together with Kargo, SiCepat, Advotics and Logisly. Locad desires to distinguish by offering a versatile resolution that may work with any gross sales channel and is built-in with a variety of transport suppliers.

Robertz advised TechCrunch that Locad is ready to hold an asset-light enterprise mannequin by partnering with warehouse operators and facility managers. What the startup brings to the combo is a cloud software program platform that serves as a “management tower,” letting customers get real-time details about stock and orders throughout Locad’s community. The corporate at the moment has seven success facilities, with 4 of its warehouses within the Philippines and the opposite three in Singapore, New South Wales, Australia and Hong Kong. A part of its funding will likely be used to develop into extra Asia-Pacific markets, specializing in Southeast Asia and Australia.

Locad’s seed spherical will even used so as to add integrations to extra couriers and gross sales channels (it may possibly already be used with platforms like Shopify, WooCommerce, Amazon, Shopee, Lazada and Zalora), and develop new options for its cloud platform, together with extra information analytics.

 



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