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Logistics Startup Locus Raises $50 Million, Valuation Hits $300 Million

Jun 02, 2021over 4 years ago

Amount Raised

$50 Million

San Francisco

Description

Mumbai: Locus, a business-to-business (B2B) logistics optimisation startup, has raised $50 million in a Series-C funding round led by Singapore’s sovereign wealth fund GIC.

Company Information

Company

Locus

Location

San Francisco, California, United States

About

Locus is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. Its smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact. Locus' scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation and network design. Our future-ready platform has resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions across clients like Nestle, Mondelez, Unilever, BigBasket, Bluedart, Bukalapak, The Tata Group, and many others. The company powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent. Visit www.locus.sh to know more or follow us on LinkedIn!

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech