![]() ![]() 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. Locad’s logistics engine works with brands such as Levi’s, Reckitt Benckiser, and Emma Sleep in the region. Founders Constantin Robertz, Jannis Dargel and Shrey Jain came together to start Locad after years in Southeast Asia’s eCommerce, transportation and logistics ecosystem. 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. Logistics and supply chain management integrator Locad recently announced that they received US4. Other participants in the round include returning investors Sequoia India and. The amount adds to the 4. Logistics platform Locad has secured 11 million in Series C funding round. It is the year’s first major funding announcement for a local startup. Locad was founded in October 2020 in Manila and Singapore, and now has offices in Australia, Hong Kong, India, the Philippines, and Singapore. Logistics and supply chain management startup Locad has announced that it has raised 11 million (about P600 million) in a series A round, the company said in a statement on Monday (January 16). 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. The business can store stock in these locations, from which the product can be taken depending on the customer’s location. ![]() It does not store any personal data.For example, a business can avail of warehouse use in one of its 4 locations (Taguig, Paranaque, Laguna, Cebu). The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. Locad lands Series A to expand its logistics engine across Southeast Asia and Australia Catherine Shu catherineshu / 7:00 PM PST JanuComment Image Credits: Locad TechCrunch. The cookie is used to store the user consent for the cookies in the category "Other. This cookie is set by GDPR Cookie Consent plugin. Logistics startup Locad today announced it has raised 11 million in an early-stage funding round led by Reefknot Investments to expand its network of supply chain capabilities into Asia-Pacific. The cookies is used to store the user consent for the cookies in the category "Necessary". 1 day ago &0183 &32 Welcome to the Bay Area News Group ( Mercury News & East Bay Times) girls Athlete of the Week poll. This cookie is set by GDPR Cookie Consent plugin. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". The round also saw participation from returning investors Sequoia India and Southeast Asias Surge, Febe Ventures, Antler, and new investors Access Ventures, JG. In 2021, Locad raised 4. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Tech Crunch - Locad lands Series A to expand its logistics engine across Southeast Asia and Australia.
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