India Business News: Logistics startup Locus has raised $50 million in series C funding led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures, and existing inves
Locus lève 50 millions de dollars dans le cadre d un financement de série C dirigé par GIC avec la participation de Qualcomm Ventures et des investisseurs existants prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Read more about Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global on Business Standard. Series C funding led by Singapore s sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate
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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.