{"id":36527,"date":"2024-11-20T16:21:53","date_gmt":"2024-11-20T13:21:53","guid":{"rendered":"https:\/\/entarabi.com\/?p=36527"},"modified":"2024-11-20T16:51:47","modified_gmt":"2024-11-20T13:51:47","slug":"singapores-locad-expands-into-gcc-market-with-9-million-pre-series-b-funding","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/11\/singapores-locad-expands-into-gcc-market-with-9-million-pre-series-b-funding\/","title":{"rendered":"Singapore\u2019s Locad Expands into GCC Market with $9 Million Pre-Series B Funding"},"content":{"rendered":"

Singapore-based logistics startup Locad<\/strong> has announced a successful $9 million pre-Series B funding round<\/strong>, co-led by Global Ventures<\/strong> and existing investor Reefknot Investments<\/strong>. Other notable participants in the round include Sumitomo Equity Ventures<\/strong>, alongside existing investors Antler Elevate<\/strong>, Febe Ventures<\/strong>, and JG Summit<\/strong>.<\/p>\n

Locad\u2019s Mission and Expansion Plans<\/strong><\/h3>\n

Founded in 2020<\/strong> by Constantin Robertz<\/strong>, Jannis Dargel<\/strong>, and Shrey Jain<\/strong>, Locad is revolutionizing e-commerce logistics with its innovative Cloud Supply Chain-as-a-Service<\/strong> platform. The company enables brands to streamline their omnichannel distribution while leveraging AI-driven tools for inventory optimization and delivery efficiency.<\/p>\n

With this fresh round of funding, Locad is set to accelerate its international expansion, beginning with a strategic entry into the UAE<\/strong> and Saudi Arabia<\/strong> by the fourth quarter of 2024. This move aligns with Locad\u2019s \u201cGrow Global, Go Local\u201d<\/strong> strategy, designed to help brands tap into emerging markets while delivering localized customer experiences.<\/p>\n

How Locad is Transforming Logistics<\/strong><\/h3>\n

Locad\u2019s cloud supply chain platform is a comprehensive solution for brands seeking to unify their e-commerce and retail operations. By integrating smart logistics<\/strong>, brands can connect multiple sales channels to a single inventory pool. This system is managed via Locad\u2019s Control Tower orchestration platform<\/strong>, which offers real-time visibility<\/strong>, AI-enhanced analytics<\/strong>, and workflow automation<\/strong>.<\/p>\n

The platform\u2019s unique capabilities include:<\/p>\n

    \n
  • AI-driven insights<\/strong>: Helping brands place inventory closer to demand, reduce delivery times, and enhance customer satisfaction.<\/li>\n
  • Localized fulfillment<\/strong>: Improving conversion rates and customer experiences through faster, cost-efficient deliveries.<\/li>\n
  • Omnichannel unification<\/strong>: Enabling brands to optimize inventory across platforms like Shopify<\/strong>, Shopee<\/strong>, Amazon<\/strong>, and TikTok<\/strong>.<\/li>\n<\/ul>\n

    Executive Insights<\/strong><\/h3>\n

    Constantin Robertz<\/strong>, CEO and Co-Founder of Locad, expressed enthusiasm about the company\u2019s growth:<\/p>\n

    \u201cOur mission is to enable smart digital logistics for consumer brands. Over the past four years, we\u2019ve built a platform in APAC that empowers brands to unify their distribution and access localized fulfillment in high-growth markets. Now, we\u2019re excited to expand globally, with a focus on the GCC and the US, to make it easier for brands to sell anywhere with a localized customer experience.\u201d<\/p><\/blockquote>\n

    Noor Sweid<\/strong>, Founder and Managing Partner of Global Ventures, emphasized Locad\u2019s potential:<\/p>\n

    \u201cLocad\u2019s innovative engine is transforming supply chains by offering a decentralized and efficient solution tailored to today\u2019s consumer demands. We\u2019re confident in their ability to scale and succeed in dynamic markets like MENA.\u201d<\/p><\/blockquote>\n

    Shrey Jain<\/strong>, Co-Founder and CTO of Locad, highlighted the platform\u2019s technological edge:<\/p>\n

    \n

    \u201cBy integrating AI with logistics, we empower brands to optimize their supply chains\u2014ensuring faster deliveries and greater efficiency in today\u2019s competitive e-commerce landscape.\u201d<\/p>\n<\/blockquote>\n

    Achievements and Future Prospects<\/strong><\/h3>\n

    Since its Series A round in 2023<\/strong>, Locad has supported over 300 consumer brands<\/strong> across Southeast Asia and Australia, providing them with cutting-edge logistics solutions to enhance operational efficiency and customer satisfaction.<\/p>\n

    The company\u2019s innovative approach to logistics\u2014combining localized warehouses with AI-powered tools\u2014has made it a preferred partner for brands looking to scale rapidly. Locad\u2019s expansion into the GCC and the US marks a significant milestone, opening new opportunities for brands to grow and thrive in competitive markets.<\/p>\n

    With its focus on efficiency, scalability, and customer-centric solutions, Locad is well-positioned to redefine the future of logistics in the e-commerce sector.<\/p>\n

    About Locad<\/strong><\/h3>\n

    Locad is a leading logistics platform dedicated to empowering brands with its Cloud Supply Chain-as-a-Service<\/strong>. By integrating AI, real-time analytics, and localized fulfillment, Locad ensures seamless and efficient operations for global distribution.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Singapore-based logistics startup Locad has announced a successful $9 million pre-Series B funding round, co-led by Global Ventures and existing investor Reefknot Investments. Other notable participants in the round include Sumitomo Equity Ventures, alongside existing investors Antler Elevate, Febe Ventures, and JG Summit. Locad\u2019s Mission and Expansion Plans Founded in 2020 by Constantin Robertz, Jannis […]<\/p>\n","protected":false},"author":37,"featured_media":36529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6313],"class_list":["post-36527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-locad"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=36527"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/36529"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=36527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=36527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=36527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}