![]() Locad is among a growing roster of other Southeast Asia-based logistics startups that have recently raised funding, including Kargo, SiCepat, Advotics and Logisly. Its clients range from startups to international brands, and include Mango, Vans, Payless Shoes, Toshiba and Landmark, a department store chain in the Philippines. Since its founding in October 2020, Locad has been used by more than 30 brands and processed almost 600,000 items. The startup’s goal is to close the gap between first-mile and last-mile delivery services, enabling e-commerce companies to offer lower shipping rates and faster deliveries while freeing up more time for other parts of their operations, such as marketing and sales conversions. It now also has offices in Australia, Hong Kong and India. Locad was founded in Singapore and Manila by Constantin Robertz, former Zalora director of operations Jannis Dargel and Shrey Jain, previously Grab’s lead product manager of maps. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe. It also included angel investors Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. The funding was led by Sequoia Capital India’s Surge (Locad is currently a part of the program’s fifth cohort), with participation from firms like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund. Locad, a startup that wants to help with what it describes as an “end-to-end solution” for cross-border e-commerce companies, announced today it has raised a $4.9 million seed round. This means sellers run into roadblocks when shipping to buyers, especially outside of major metropolitan areas, and managing their supply chains. Jodi Sta.E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. SEAG: PH spikers miss podium after loss to Indonesia ‘Voice Kids PH’: Meet this season's top 3 artists PH athletes claim more gold medals in arnis, wrestling Gaza truce holds as Palestinians, Israelis count deadly cost PH cyclists making progress, says TolentinoĭLSU Lady spikers reclaim volleyball title Sibol-Bren motivated to use SEAG experience in MPLĬanino fulfills promise to bring crown back to La Salle SEAG: Boxers spark 9-gold haul as PH rises to 5th placeĪlba heaves sigh of relief after clinching title in senior year Miss Universe PH Michelle Dee dedicates win to supporters, team Govt sets aside P417 million for startups this year.PH tech startup that uses AI to cut shipping paperwork eyeing expansion. ![]() Those shipping costs, in many cases in e-commerce, are actually paid directly from the consumer," Robertz said. "Receiving your goods faster and having lower shipping costs. "Then you need some strategic small hubs around the country that would then be able to cover really all of the segments of cities with prime delivery standards," Dargel added.īesides reducing logistics cost for businesses by 40 percent, LOCAD’s services will also benefit consumers, according to company co-founder and CEO Constantin Robertz. "We need a couple of strategically placed warehouses throughout the country, those would mean larger warehouses that we're looking for that have the power to scale up throughout the 'ber months', throughout the peaks," said LOCAD co-founder and COO Jannis Dargel. With the fresh funds, LOCAD co-founder and chief executive officer Constantin Robertz said they're poised to further expand their warehouse network in the Philippines while investing on their regional expansion.įrom five warehouses across the greater Metro Manila area, Cebu, and Davao, LOCAD aims to reach other major cities which are also in need of logistics services, the company said. LOCAD uses cloud-based technology for its logistics solutions that gives big and smaller e-commerce brands access to a distributed warehousing network not just in the Philippines but also in the wider Asia Pacific region. MANILA – Philippine logistics startup LOCAD said Monday it has received $4.9 million (P241.6 million) in seed round funding from venture capital firms led by Sequoia Capital which has invested in successful tech giants like Zoom, YouTube, and Airbnb.Īside from Sequoia India's Surge accelerator program, LOCAD also got funding from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.
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