Total amount raised
$78.8 Millions
Latest funding date
Location
Locus.sh has successfully raised funds through multiple rounds, with its latest Series C round closing on June 2, 2021. The company specializes in AI-driven logistics solutions, offering a comprehensive platform that optimizes order-to-delivery processes.
Keep reading to explore the intricacies of Locus.sh's fundraising journey and the investors backing this innovative platform.
What Is Locus.sh?
Locus.sh, founded in May 2015 by Geet Garg and Nishith Rastogi, is headquartered in Bangalore, Karnataka, India. The company operates in the logistics and supply chain management industry, specializing in AI-driven solutions to optimize last-mile logistics operations.
With a workforce of 251-500 employees, Locus.sh has facilitated over 650 million deliveries across 30+ countries, helping enterprises like Unilever, Nestle, and The Tata Group save significant transit costs and reduce CO2 emissions. Their platform offers modular, API-first solutions that enhance profitability and delivery excellence.
How Much Funding Has Locus.sh Raised?
- Series C
- Amount Raised: $50M
- Date: June 2021
- Lead Investors: GIC, Qualcomm Ventures, Tiger Global Management, Falcon Edge
- Valuation at Round: $300M
- Motivation Behind the Round: To expand geographic footprint, grow the R&D team, recruit more PhDs in data science, and double patents by 2022.
- Series B
- Amount Raised: $22M
- Date: May 2019
- Lead Investors: Alpha Wave Global, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A
- Amount Raised: $4M
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and refine AI-driven logistics solutions.
- Series A
- Amount Raised: Not publicly disclosed
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources.
- Series A
- Amount Raised: $2.8M
- Date: May 2016
- Lead Investors: Exfinity Venture Partners, growX ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technology.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: growX ventures, Manish Singhal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and initial product development.
Total Amount Raised: $78.8M. Current Valuation: $300M.
Key Investors
- GIC
- Details: GIC is a global investment firm established to manage Singapore's foreign reserves. It is one of the world's largest sovereign wealth funds.
- Investment Focus Areas: Technology, real estate, infrastructure.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- Alpha Wave Global
- Details: Alpha Wave Global is a global investment firm that focuses on technology and growth-stage companies. It has a strong presence in the venture capital space.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Facebook, Uber, Alibaba.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Flipkart, LinkedIn, Spotify.
- Exfinity Venture Partners
- Details: Exfinity Venture Partners is a venture capital firm that invests in early-stage technology companies. It aims to support innovative startups in their growth journey.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Mad Street Den, Locus.sh, MoEngage.
- growX ventures
- Details: growX ventures is an early-stage investment firm that focuses on technology-driven startups. It provides both financial and strategic support to its portfolio companies.
- Investment Focus Areas: Technology-driven startups.
- Notable Investments: Locus.sh, Mad Street Den, ZipLoan.
What's Next for Locus.sh?
As Locus.sh looks to the future, the opportunities are vast. The company is poised to expand its geographic footprint, particularly in the Americas and Latin America, and grow its R&D team by recruiting more PhDs in data science. This expansion is backed by a significant $50 million Series C funding round, which will also support the doubling of their patents by 2022.
Future fundraising opportunities seem promising, given the strong interest from high-profile investors and the substantial impact of their AI-driven logistics solutions. As Locus.sh continues to innovate and expand, additional funding rounds could be anticipated to support these ambitious goals.
However, challenges lie ahead. The company will need to navigate intense competition in the logistics and supply chain optimization market and manage the complexities of expanding into new international markets. Continuous innovation and maintaining a competitive edge in technology will be crucial for their sustained growth.
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