How Much Did Locus.sh Raise? Funding & Key Investors

Locus.sh has successfully navigated through 7 funding rounds, attracting investments from notable entities such as Amrish Rau and Tiger Global Management. The company has recently been acquired by Ingka Investments, marking a significant milestone in its financial journey.

Keep reading to explore the intricacies of Locus.sh's fundraising journey and the investors backing this innovative platform.

What Is Locus.sh?

Locus.sh, based in Bangalore, Karnataka, India, is a private company specializing in AI-driven logistics solutions. The company operates in various industries, including Big Data, Data Visualization, Logistics, Software, and Supply Chain Management. It has an employee count between 251-500.

Founded to optimize supply chain operations, Locus.sh offers a range of services such as dispatch management, fulfillment automation, and delivery orchestration. The company has a global presence with over 350 deployments across 30 countries and serves multiple sectors, including retail, FMCG/CPG, and e-commerce.

How Much Funding Has Locus.sh Raised?

1. Angel Round
   • Amount Raised: Not publicly disclosed
   • Date: May 2015
   • Lead Investors: growX ventures, Manish Singhal
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial funding to kickstart operations and develop the core technology.
2. Series A
   • Amount Raised: USD 2,750,000
   • Date: May 2016
   • Lead Investors: Exfinity Venture Partners, growX ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the technology platform.
3. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: June 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational costs and further technology development.
4. Series A
   • Amount Raised: USD 4,000,000
   • Date: June 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and improve product offerings.
5. Series B
   • Amount Raised: USD 22,000,000
   • Date: May 2019
   • Lead Investors: Alpha Wave Global, Tiger Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enter new markets.
6. Series C
   • Amount Raised: USD 50,000,000
   • Date: June 2021
   • Lead Investors: GIC
   • Valuation at Round: USD 300,000,000
   • Motivation Behind the Round: To expand geographical reach, enhance R&D, and recruit more PhDs.

Total Amount Raised: USD 78,750,000. Current Valuation: USD 300,000,000.

Key Investors

• GIC
  • Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It is one of the world's largest global investors.
  • Investment Focus Areas: Equities, fixed income, real estate, private equity, infrastructure.
  • Notable Investments: Alibaba, Airbnb, Ant Financial.
• Qualcomm Ventures
  • Details: Qualcomm Ventures is the corporate venture capital arm of Qualcomm Incorporated, focusing on innovative technology companies. It aims to accelerate the development of the wireless ecosystem.
  • Investment Focus Areas: Mobile, AI, IoT, automotive, enterprise solutions.
  • Notable Investments: Zoom, Xiaomi, Waze.
• Tiger Global Management
  • Details: Tiger Global Management is an investment firm that deploys capital in both public and private markets. It focuses on technology-driven companies.
  • Investment Focus Areas: Internet, software, consumer, financial technology.
  • Notable Investments: Facebook, LinkedIn, Spotify.
• Falcon Edge
  • Details: Falcon Edge Capital is a global investment firm that manages a series of funds across public and private markets. It focuses on long-term investments in high-growth companies.
  • Investment Focus Areas: Technology, consumer, financial services.
  • Notable Investments: Ola, Delivery Hero, PolicyBazaar.
• growX ventures
  • Details: growX ventures is an early-stage investment firm that focuses on technology-driven startups. It aims to support innovative companies with high growth potential.
  • Investment Focus Areas: Technology, software, logistics.
  • Notable Investments: Not publicly disclosed.

What's Next for Locus.sh?

As Locus.sh looks to the future, the company is poised to capitalize on significant opportunities. With a recent $50 million Series C funding round, Locus.sh plans to expand its geographic footprint, particularly in Latin America, and grow its R&D team. The company aims to double its patents by 2022, enhancing its technological capabilities and solidifying its position in the logistics industry.

Given the increasing demand for AI-driven logistics solutions, Locus.sh is well-positioned for future fundraising opportunities. The company's innovative approach has already attracted substantial interest from global investors, and as it continues to demonstrate growth and technological advancements, further investment rounds are likely. This financial backing will support Locus.sh in scaling its operations and entering new markets.

However, the path forward is not without challenges. Locus.sh will need to navigate competitive pressures from other logistics technology companies and manage the complexities of rapid geographic expansion. Ensuring the scalability and reliability of their solutions while maintaining a pace of innovation will be crucial for sustained success.

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