The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". TrueCar has over 810,219 listings nationwide, updated daily. These cookies ensure basic functionalities and security features of the website, anonymously. Search over 64 used Toyota Sequoia in Secaucus, NJ. Klub invests Rs 50 crore in sustainable brandsįollow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.Necessary cookies are absolutely essential for the website to function properly.The startup claims it has served over 200 brands across Singapore, the Philippines, Thailand, Hong Kong, and Australia, and shipped more than 2 million orders while maintaining a 99% same-day order fulfillment rate. And that’s what we’re building here at Locad” added Constantin Robertz. “Success in omnichannel commerce for modern consumer brands requires a powerful supply chain orchestrated by software that seamlessly integrates the infrastructure of warehouses and shipping carriers. Locad said its logistics engine provides the backbone to support the e-commerce and omnichannel growth of global consumer brands such as Havaianas, Reckitt Benckiser, and Emma Sleep in the region, while also expanding access to best-in-class logistics infrastructure to growing D2C brands and mid-market merchants. We believe that Locad’s logistics engine will spur greater participation in the digital economy as consumers outside of Tier-1 cities can now receive their orders 2-3x faster at a fraction of the usual cost.” “As modern consumer brands are transforming to direct-to-consumer and omnichannel retail, we have seen that the supply chain and fulfillment infrastructure is a key barrier to scaling the business for many brands, and the bar is only rising further, due to higher customer expectations for fast delivery, and the complexity driven by an increasing number of sales channels," Constantin adds.Ĭommenting on the investment, Ervin Lim, Vice President of Reefknot Investments, said, “Locad’s unique operating model of localizing warehouses into the cities ensures that inventory is kept close to the customers thereby enabling significant cost and time savings for both brand and consumer. “Ultimately, our goal is to enable a frictionless movement of physical goods and data across the supply chain for any brand and merchant, enabling anyone to sell anywhere, on any sales channel, and deliver seamlessly.” says Locad CEO & Co-founder Constantin Robertz. The startup plans to use the raised capital towards network expansion, product development, and hiring talent across Asia-Pacific. Locad provides a cloud supply chain for brands to store, pack, ship, and track orders for ecommerce and omnichannel retail through a tech platform connecting a network of warehouses and shipping partners. Surge Surge is a rapid-scale up program by Sequoia Capital India for early-stage startups in India and Southeast Asia. The round also saw participation from existing investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new investors Access Ventures, JG Summit, and WTI. Reefknot Investments, a fund anchored by Temasek and logistics firm Kuehne & Nagel led the Series A round. Logistics startup Locad has raised $11 million in a Series A funding round as it looks to expand its supply chain platform that allows modern consumer brands in Asia-Pacific to automatically store, pack, ship and track orders in a distributed, end-to-end supply chain as-a-service.
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