LocoNav Inc, a full-stack fleet software company focused on democratising access to technology for drivers and fleet owners across the world, has raised $37 million in a Series B round. The new funding came from Quiet Capital, Anthemis Group, Sequoia Capital India, Foundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global, and other leading investors.
LocoNav previously raised $10 million in prior rounds led by Sequoia Capital India and Foundamental. The total amount raised by LocoNav now stands at $47 million.
LocoNav will be utilising these funds to further build its technology and data science team across San Francisco, Gurugram, and Bengaluru.
