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Locad lands Series A to expand its “logistics engine” across Southeast Asia and Australia

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Summary

Locad is a logistics provider for omnichannel e-commerce companies that provides a cloud-based platform, referred to as its "logistics engine". They recently raised $11 million in Series A funding to expand its network of third-party warehouses and shipping carriers across Southeast Asia and Australia. Their technology can handle almost every part of the delivery process, from inventory storage and packing to shipping and tracking. This funding will enable them to build the region’s largest network of warehouses over the next five years, as well as increase the number of warehouses in Tier 1 to Tier 3 cities. This will allow customers outside of Tier-1 cities to receive orders 2-3x faster at a fraction of the usual cost.

Q&As

What inspired the co-founders of Locad to create their company?
Constantin Robertz's experience working at Zalora and having to move warehouses six times inspired the co-founders of Locad to create their company.

How much funding did Locad announce they had raised in their Series A round?
Locad announced they had raised $11 million in their Series A round.

What services does Locad provide?
Locad provides services such as inventory storage, packing, shipping, and tracking.

What are Locad's plans for the future?
Locad's plans for the future include adding more warehouses and transport operators to their network, hiring in Southeast Asia and Australia, and building the region's largest network of warehouses over the next five years.

What is the goal of Locad's "logistics engine"?
The goal of Locad's "logistics engine" is to sync inventory from multiple sales channels, manage storage and delivery through its network of warehouses and shipping carriers, and enable same-day delivery in all cities.

AI Comments

👍 Congratulations to Locad on their Series A funding and for providing a much needed logistics engine to meet the growing e-commerce needs in Southeast Asia and Australia!

👎 It's disappointing to see that Locad's logistics capabilities are still limited to only Tier 1 to Tier 3 cities in the region.

AI Discussion

Me: It's about Locad, a logistics provider for omnichannel e-commerce companies. They just raised $11 million in Series A funding and plan to expand across Southeast Asia and Australia.

Friend: Wow, that's pretty big news. What implications do you think this article has?

Me: Well, it shows that there is a growing demand for cloud-based solutions for logistics in the e-commerce industry. By connecting their network of third-party warehouses and shipping carriers with a cloud-based platform, Locad is able to provide order fulfillment for more than 200 brands. This could lead to more efficient logistics solutions for companies and faster delivery for customers. It also shows that companies are investing in new technologies to improve their logistics systems, which could lead to more investment in logistics infrastructure in the future.

Action items

Research other e-commerce companies that have successfully scaled their logistics infrastructure and learn from their strategies.
Explore ways to localize warehouses into cities to enable faster and cheaper delivery.
Analyze customer data to identify trends and optimize lifetime value pre- and post-holiday.

Technical terms

Series A: Series A is the first round of financing for a startup, typically coming after the seed round.
Logistics Engine: A logistics engine is a cloud-based platform that connects a network of third-party warehouses and shipping carriers.
Reefknot Investments: Reefknot Investments is a joint venture between Temasek and logistics company Kuehne + Nagel.
Fulfillment by Amazon (FBA): Fulfillment by Amazon (FBA) is a service offered by Amazon that allows sellers to store their products in Amazon's fulfillment centers and have Amazon handle the shipping and customer service.
Tier 1 to Tier 3 Cities: Tier 1 cities are the largest cities in a country, while Tier 2 and Tier 3 cities are smaller cities.