Locad is the new name in the logistic market that has recently raised a seed funding of $4.9 M. It is founded by Constantin Robertz in Singapore and Manila. Locad is trying to reach a new level by its innovative and effective ideas of delivering items at an affordable rate but at a much faster pace. It has already associated itself with 30 brand names which include startups as well big brand names and delivered over 600000 items. It is also trying to expand its presence and also enhancing its sales channels with the funding money.
Southeast Asia is becoming the major hub for the eCommerce industry. However, the disintegrated logistic market is finding it hard to reach up to the mark, which implies that the sellers are facing obstacles while shipping their items to tier 3 or 4 cities. Here comes to rescue a startup named Locad, which gives an A to Z solution for cross borders eCommerce entities. It has proudly announced that it has raised a seed funding of $4.9million.
Sequoia Capital India’s surge was conducting the funding along with participation from firms like Antler, Febe Ventures, Foxmont, GFC, and Hustle Fund. It also included angel investors Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe.
Constantin Robertz, ex-director from Zalora, is the founder of Locad, in Singapore and Manila. It has now concreted in presence in Australia, Hong Kong, and India. Locad’s ultimate aim is to bridge the gap between the start and the end of delivery services. This will help the e-commerce companies to reduce their delivery rates at a much faster pace of delivery. In other words, they will be able to focus on the other parts of their operations like marketing and sales conversions.
Locad has been able to bag more than 30 brands and delivered almost 600000 items since its day of founding in October 2020. It has a huge range of clients from startups to international brands like Mango, Vans, Payless Shoes, Toshiba, and Landmark, a department store chain in the Philippines.
Locad has made its presence prominent in its field of work among other Southeast Asia-based logistics companies like Kargo, SiCepat, Advotics, and Logisly, which has recently raised funding. Now in such a competitive market, Locad wants to highlight its presence by providing a workable solution that can be helpful to any sales channel.
In the interview with TechCrunch, Robertz told that Locad is able to keep an asset-light business model by partnering with warehouse operators and facility managers. The startup has helped to bring a software platform that enables the users to have information about inventory and orders across Locad’s network. It is currently operating with four of its warehouses in the Philippines and the other three in Singapore, New South Wales, Australia, and Hong Kong. The raised fund is also being used to expand in Asia-Pacific markets, focusing on Southeast Asia and Australia.
Its seed round fund will also be used in addition to more couriers and sales channels (it can already be used with platforms like Shopify, WooCommerce, Amazon, Shopee, Lazada, and Zalora), and develop new features for its cloud platform, including more data analytics.
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