“Bengaluru is our Engineering HQ, the heart of our platform is developed here, and we are set on hiring the best and brightest tech talent to drive our expansion goals across the region,” added Shrey Jain, CTO and Co-founder of Locad. With the exponential growth of ecommerce in the region, Locad is powering ecommerce brands who will play a pivotal role in driving Southeast Asia’s massive post-pandemic growth opportunity. “In an industry where reliability and speed could make or break an ecommerce brand, our ability to provide a one-stop platform, from fulfilment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions,” said Constantin Robertz, CEO and Co-founder of Locad.Īccording to ResearchAndMarkets, the logistics market in Southeast Asia is forecasted to amount to $55.7 billion by 2025 - demonstrating the growing demand and necessity for flexible, technology-enabled solutions. Brands can manage all their orders and stock from a single virtual pool across multiple sales channels, with real-time visibility of sales, orders, inventory, and service levels. Business customers of Locad also have the opportunity to integrate with ecommerce platforms such as Shopify, WooCommerce, Amazon, Shopee, Lazada and Zalora.
While many companies address first mile and last mile problems in delivery, very few provide the fully integrated solution that Locad is pioneering. Participants included Antler, Febe Ventures, Foxmont, Global Founders Capital, Hustle Fund and angel investors from the Technology, Ecommerce and Logistics ecosystem, including Henry Ko and Huey Lin (Logistics, Flexport), Thibaud Lecuyer (Logistics, Loggi), Paulo Campos (Ecommerce, Zalora), Christian Weiss and Tim Marbach (Technology, Venture Capital), Tim Seithe and Oliver Mickler (Fintech, Tillhub), and the Gokongwei family (JG Summit, Philippines).Sequoia Capital India announces new $195M seed fundįounded in Manila and Singapore in October 2020, Locad has offices in Australia, Hong Kong, India, the Philippines and Singapore. The funding round was led by Led by Sequoia Capital India’s Surge. Another study from Reportlinker found that 33% of Australian consumers choose to shop online because there is better product availability. The company points to figures from Mordor Intelligence, which valued Australia’s logistics market as being worth US$75 billion in 2020. We also see a large potential in enabling Australian brands to expand their presence in Asia Pacific.” “The country’s geographic expanse and the locations of towns far apart from one another creates enormous potential for a distributed warehousing network to shorten delivery times in key cities. Robertz says the Australian market is of particular interest to the company’s growth. “In an industry where reliability and speed could make or break an eCommerce brand, our ability to provide a one-stop platform, from fulfilment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions.” Locad CEO and cofounder Constantin Robertz says the company wants to level the playing field for direct-to-consumer commerce by enabling brands to leverage an integrated, distributed, and flexible supply chain network. Locad integrates with commerce platforms such as Amazon, Magento, Shopify, and WooCommerce, enabling brands to manage orders and stock from a single virtual pool across multiple sales channels, with real-time visibility of sales, orders, inventory, and service levels. Locad’s method of dealing with these issues is to provide end-to-end solutions that span fulfilment and distributed warehousing networks.
Locad aims to provide a fully integrated solution that addresses some of the common pain points within eCommerce, particularly the slow and often complex supply chain systems.
Furthermore, the company also opened a fulfilment service in Sydney earlier this year. The company has offices in Singapore, the Philippines, India, Hong Kong, and Australia. Locad, which was founded in Singapore in October last year, has already established a notable presence in the logistic industry. Sequoia Capital Indias surge was conducting the funding along with participation from firms like Antler, Febe Ventures, Foxmont, GFC, and Hustle Fund. Locad, a specialist eCommerce logistics and supply chain management integrator, has raised US$4.9 million in a funding round led by Sequoia Capital India’s Surge.
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