Logistics startup Locus raised $50 million in Series C funding led by GIC, Singapore’s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge.
Angel investors Amrish Rau, CEO of Pine Labs; Kunal Shah, CEO of CRED; Raju Reddy, Founder of Sierra Atlantic; and Deb Deep Sengupta, former President and MD, SAP South Asia, also participated in the round.
The startup will use the funding to improve its geographical reach and build its research and development team to expand the product line. Locus had earlier raised $30 million across multiple rounds.
