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This Startup Plugs Into Supply Chain Of Enterprises And Helps Streamline Operations

This Startup Plugs Into Supply Chain Of Enterprises And Helps Streamline Operations
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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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Singapore's GIC leads $50m funding in Indian AI logistics startup Locus

Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge also participated. ....

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GIC in talks to lead Locus' $60 million Series C at $300 million valuation

The capital will help Locus strengthen its technology, and scale up operations in the United States, its biggest market outside of India, sources said ....

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Locus.sh co-founder on his entrepreneurial journey and why he pivoted from B2C to B2B

Nishith Rastogi, Co-Founder and CEO of Locus.sh.
After graduating from BITS Pilani and launching RideSafe, a real-time route deviation detection application for women’s safety, to establishing Locus, a supply chain intelligence and logistics planning startup, every stage has been stimulating and filled with learnings.
Locus.sh Co-founders Nishith Rastogi (L) and Geet Garg
ALSO READ
Nishith met his Co-founder, Geet Garg, during their stint at AWS.
The duo quit their job to build Right Safe after coming across incidences where women’s safety was compromised while using cab services.
“Geet and I built an app called Ride Safe. It ....

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