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Synopsis Locus, a SaaS-based logistics startup, will use the funding from investors GIC, Qualcomm Ventures, Tiger Global and Falcon Edge to fuel its expansion, and research and development. ETtech Founded in 2015 by Nishith Rastogi and Geet Garg, Locus uses machine learning and proprietary algorithms to offer supply-chain solutions to customers. (Photo: Locus.sh website) Mumbai:Locus, a business-to-business (B2B) logistics optimisation startup, has raised $50 million in a Series-C funding round led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global and Falcon Edge also participated in the round, as did 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 and managing director, SAP South Asia). ....
The capital will help Locus strengthen its technology, and scale up operations in the United States, its biggest market outside of India, sources said ....