Logistics and supply chain management integrator Locad announced $4.9 million in funding, in a seed round led by Sequoia Capital India’s Surge, with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.
Locad offers ecommerce brands and retailers simple yet scalable end-to-end solutions, ranging from plug-and-play ecommerce fulfilment, to a distributed warehousing network in APAC for companies that are looking to scale their business internationally.
Powered by a fully digital and integrated platform with real time visibility over order and inventory movements, Locad claims to plug an important gap in the current ecommerce state-of-play - the fragmented, complex, and slow supply chain ecosystem in Southeast Asia.
