Locad has Secured $9 Million in a Pre-Series B Round Funding

Locad is an e-commerce logistics business, has secured $9 million (about INR 76 crore) in a pre-series B investment round headed by Reefknot Investments and Global Ventures.

Along with previous investors Antler Elevate, Febe Ventures, and JG Summit, Sumitomo Equity Ventures also participated in the round.

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Funding Utilisation

The business plans to use the additional funds to grow its global presence and scale its AI-powered smart logistics system. 

Locad, a cloud supply chain company founded in 2020 by Constantin Robertz, Jannis Dargel, and Shrey Jain, helps e-commerce companies expand their omnichannel operations by automatically storing, packing, shipping, and tracking goods.

According to the firm, it supports over 300 consumer brands in Australia and Southeast Asia and offers intelligent digital logistics solutions to improve customer satisfaction and operational efficiency.

Other investors in the business include Antler, Hustle Fund, Foxmont Capital Partners, Access Ventures, and Kaya Founders. 

Constantin Robertz said “We are now excited to take Locad global, opening our presence in the US and entering the GCC, to make it easier for brands to sell anywhere with a fully localized customer experience,”.

Shrey Jain added, “This fundraise allows us to double down on building a robust, tech-enabled logistics ecosystem that drives efficiency and helps brands thrive in an increasingly dynamic commerce landscape.” 

The development coincides with an increase in investor interest in logistics service providers that are experimenting with artificial intelligence and are prepared to support their growth strategies.

For example, in July, the logistics and supply chain planning firm 3SC raised $4 million to expand its operations worldwide and improve its current artificial intelligence technology stack.

Lobb, a digital freight brokerage platform located in Bengaluru, secured $2.9 million in an extended Pre-Series A fundraising round that same month in order to broaden its reach and accelerate its technology-led growth.

In order to increase its focus on same-day delivery and reverse logistics, Delhi NCR-based logistics startup Ecom Express was in negotiations with its current backers earlier in June to seek about INR 350–400 Cr in investment.

About Locad

Locad is the logistics engine enabling e-commerce brands to systematically store, pack, ship, and track orders across Asia-Pacific, GCC and the USA.

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