Locad, a Singapore-based Startup, Raises $11M in Series A Funding

Locad, a logistics provider for eCommerce companies. Recently, it has raised $11 million in Series A funding. The company, which was founded in Singapore and Manila by Jain, Robertz, and Dargel, connects its network of third-party warehouses and shipping carriers with a cloud-based platform called “logistics engine.”

The “logistics engine” platform allows eCommerce companies to streamline their operations by providing real-time visibility on the entire delivery process – from inventory storage and packing to shipping and tracking, allowing them to make informed decisions and improve their overall efficiency.

Locad’s network of warehouses and shipping carriers also enables it to offer a wide range of delivery options to its customers, including same-day delivery, next-day delivery, and international shipping. The company’s customers are located in Singapore, Philippines, Thailand, Hong Kong, and Australia.

This new funding will allow Locad to expand its team and invest in technology to further improve its logistics engine platform. The company is also looking to expand its operations to other regions in Southeast Asia, as well as other countries around the world.

Locad’s goal is to help eCommerce companies grow by providing them with a reliable, efficient, and cost-effective way to manage their logistics operations.

Locad is well positioned to continue its growth and help eCommerce companies around the world improve their logistics operations. The company’s innovative approach to logistics and its focus on customer service make it a leader in the industry.

One of Locad’s key goals is to help retailers deliver more quickly without paying more. To enable shorter and faster last-mile deliveries, retailers need to store products closer to customers. This needs integration between warehouses, sales channels, and shipping carriers.

Locad’s innovative logistics engine syncs inventory from different sales channels, including Shopee, Lazada, Shopify, and TikTok. This allows e-commerce companies to make informed decisions and improve their overall efficiency.

With the ability to store products closer to customers, retailers can offer faster delivery options, such as same-day delivery and next-day delivery. The company’s network of warehouses and shipping carriers also enables it to offer a wide range of delivery options, including international shipping. This is particularly important for e-commerce companies that operate in multiple countries or regions.