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Locus funding: Logistics startup Locus raises $50 million, valuation hits $300 million

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). ....

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Logistics startup Locus raises $50 million in Series C — aims to double its patents by 2022, to hire more data scientists

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. ....

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Locus raises $50 million for its logistics management business – TechCrunch

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 Raises $50M in Series C Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

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Locus raises $50 million in Series C funding led by GIC with participation from Qualcomm Ventures and existing investors

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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. ....

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