Logistics startup Locus just raised $50 million in Series C round of funding from Singapore’s GIC, Qualcomm Ventures, CRED CEO Kunal Shah and others. The Bengaluru-based startup plans on using the funds to double its patents over the next one year, hire more data scientists and expand into Latin America. The company’s plan to innovate may have something to do with India’s new guidelines for ge.
Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management […]
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- Locus to use funds to focus on innovation, geographical expansion, and scaling the team
SAN FRANCISCO, June 2, 2021 /PRNewswire/ Locus, a future-ready platform that automates supply chain decisions, today announced that it has raised $50 million in Series C funding led by GIC, Singapore s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Noted angel investors Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred, Raju Reddy, founder of Sierra Atlantic, and Deb Deep Sengupta, former President & MD, SAP South Asia, also participated in the round.
Locus will majorly use the funds for improving geographical reach and building its research and development team to expand the product line.
Locus, a future-ready platform that automates supply chain decisions, today announced that it has raised $50 million in Series C funding led by GIC, Singapore