Logistics engine Locad on Monday raises $ 11 million in Series A funding round to expand their supply chain platform that allows modern consumer brands in Thailand and across Asia-Pacific to automatically store, pack, ship and track orders in a distributed , endto-end supply chain as-a-service. The round was led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne and Nagel.
“Omnichannel commerce demands a powerful logistics infrastructure in order to succeed. And that infrastructure is not only made of an interconnected network of warehouses and shipping carriers but also the precise data that reflects the movement of goods in that supply chain.” says Locad CTO and Co-founder Shrey Jain. “Tech and data are at the heart of what we’re building here at Locad. To realize this, we’re doubling down on our hiring efforts in key locations such as Bangalore where we have a strong team of developers and marketers helping grow the product and business end-to-end.”
The series A funding round also saw participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new investors Access Ventures, JG Summit, and WTI.
Locad’s logistics engine provides the backbone to support the e-commerce and omnichannel growth of global consumer brands such as Levi’s, Reckitt Benckiser, and Emma Sleep in the region, while also expanding access to best-in-class logistics infrastructure to growing D2C and mid-market merchants.