![]() The company also said it is investing in broadening its regional footprint in Southeast Asia that would allow Philippine businesses to make their products more accessible.Ĭustomers can reach out to Locad here. They also lack infrastructure, resources, and experience in managing both online services and their own supply chain.” This is where Locad can come in and help, said the founder. Many vendors, producers, and sellers are migrating to digital channels but are still hampered with the logistics of bringing products to their customers. Locad currently lists 30 brand clients including Toshiba, Vans, Girbaud, Terranova, Mango, Payless, and Landmark but it is aiming to have “more Philippine businesses of all sizes”ĬEO and co-founder Constantin Robertz said, “E-commerce and on-demand delivery services are accelerating in the Philippines. Business owners can have storefronts on these platforms, and have the option of using Locad’s logistics and warehousing services. Locad’s service is also integrated with popular marketplaces such as Shopify, Lazada, Shopee, Zalora, and WooCommerce. Locad was founded in October 2020 in Manila and Singapore, and now has offices in Australia, Hong Kong, India, the Philippines, and Singapore. Other participants in the round include returning investors Sequoia India and. Orders can be fulfilled faster through the locally available stock as opposed to shipping an item, for example, from Manila to Cebu when the order comes. Logistics platform Locad has secured 11 million in Series C funding round. The business can store stock in these locations, from which the product can be taken depending on the customer’s location. To realise this, we’re doubling down on our hiring efforts in key locations such as Bangalore where we have a strong team of developers and marketers helping grow the product and business end-to-end,” Jain added.For example, a business can avail of warehouse use in one of its 4 locations (Taguig, Paranaque, Laguna, Cebu). “Tech and data are at the heart of what we’re building here at Locad. And that infrastructure is not only made of an interconnected network of warehouses and shipping carriers but also the precise data that reflects the movement of goods in that supply chain,” Locad CTO and co-founder Shrey Jain said. “Omnichannel commerce demands a powerful logistics infrastructure in order to succeed. The company’s logistics engine supports brands such as Levi’s, Reckitt Benckiser, and Emma Sleep in the region, while also expanding access to logistics infrastructure to growing D2C and mid-market merchants. Locad says it has served over 200 brands across the Philippines, Thailand, Hong Kong, and Australia, and shipped more than 2 million transactions. ![]() We believe that Locad’s logistics engine will spur greater participation in the digital economy as consumers outside of Tier-1 cities can now receive their orders 2-3x faster at a fraction of the usual cost,” Ervin Lim, vice president of Reefknot Investments said. “Locad’s unique operating model of localising warehouses into the cities ensures that inventory is kept close to the customers thereby enabling significant cost and time savings for both brand and consumer. The $11 million will be used towards boosting the company’s product development and talent pool in India and across Asia-Pacific, the company said in a statement. Singapore-headquartered Locad provides a cloud supply chain for Asia-Pacific brands to store, pack, ship, and track orders for e-commerce and omnichannel retail through a tech platform connecting a network of warehouses and shipping partners. The series A funding round also saw participation from returning investors Sequoia India and Southeast Asia's Surge, Febe Ventures, Antler, as well as new investors Access Ventures, JG Summit, and WTI. 1 day ago &0183 &32 Welcome to the Bay Area News Group ( Mercury News & East Bay Times) girls Athlete of the Week poll. Reefknot Investments, a fund led by Temasek and logistics firm Kuehne & Nagel, led the round. Locad, a logistics startup, announced on Monday that it has raised $11 million in Series A funding to expand its supply chain platform.
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