Locad Secures $9M to Strengthen AI-Driven Logistics for Ecommerce Brands

By
Arushi Sharma
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Locad Secures $9M to Strengthen AI-Driven Logistics for Ecommerce Brands

SUMMARY

  • Locad, an ecommerce logistics startup, raised $9 million (INR 76 crore) in a Pre-Series B round led by Global Ventures and Reefknot Investments.
  • The funds will be used to expand globally and scale its AI-powered logistics platform.
  • Locad’s investors include Antler, Hustle Fund, and Foxmont Capital Partners, among others.

Locad, a logistics technology startup specializing in ecommerce fulfillment, has raised $9 million (INR 76 crore) in its Pre-Series B funding round. The round was co-led by Global Ventures, a UAE-based VC firm, and Singapore-based Reefknot Investments, an existing investor.

The startup plans to utilize the fresh funding to expand its global operations and enhance its AI-driven logistics stack, which provides end-to-end solutions for ecommerce brands.

Founded to address the growing complexities in ecommerce logistics, Locad offers an AI-powered logistics cloud that enables omnichannel fulfillment for ecommerce brands. The platform integrates inventory, shipping, and warehousing, ensuring faster and more efficient deliveries.

The company’s proprietary technology optimizes fulfillment operations by leveraging real-time data analytics and predictive algorithms, catering to ecommerce businesses looking for seamless logistics solutions.

Locad aims to expand its presence across key international markets, particularly in Southeast Asia, Australia, and beyond. The startup is also set to scale its smart logistics stack to empower businesses with cost-effective and scalable solutions for cross-border ecommerce.

Alongside Global Ventures and Reefknot Investments, Locad’s funding portfolio includes Antler, Hustle Fund, Foxmont Capital Partners, Access Ventures, and Kaya Founders. These strategic partnerships underscore the confidence in Locad’s business model and growth trajectory.

Commenting on the investment, Noor Sweid, General Partner at Global Ventures, said, “Locad is redefining ecommerce logistics with its smart solutions. We are excited to support its vision to transform supply chain efficiency for global brands.”