Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global

Nishith Rastogi, CEO, Locus
Locus, a platform that automates supply chain decisions, has raised $50 million in Series C funding led by GIC, Singapore’s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Noted angel investors Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred also participated in this round. The other angel investors include Raju Reddy, founder of Sierra Atlantic, and Deb Deep Sengupta, former President and MD, SAP South Asia.

Locus will majorly use the funds for improving geographical reach and building its research and development team to expand the product line.

“Quality and patient capital allow us to focus on path-breaking R&D, helping us deliver exceptional long-term value to our customers, over incremental improvements,” said Nishith Rastogi, CEO, Locus. “We will be recruiting more PhDs in our data science team and are looking to double our patents by 2022.”

Locus uses deep machine learning and proprietary algorithms to offer smart supply chain solutions to customers. The company’s scalable solutions have resulted in over $150 million savings in logistics costs, 70 million kilometre reductions in distance travelled, and 17 million kilograms reduction in GHG (greenhouse gas) emissions for clients. These clients are across sectors like e-commerce, retail, e-grocery, FMCG, home services, home deliveries, 3PL, transportation, and B2B distribution.

Locus works with top clients across North America, Southeast Asia, Europe, and the Indian subcontinent. It has offices in the USA, the UK, India, Singapore, Indonesia, Vietnam, and Germany.

Locus has been on an expansion spree in the Americas, bolstering its leadership with industry veterans such as Walter Heil, Senior Vice President, Business (Americas), and Michael D. Parmett, Vice President, Customer Success. Heil previously worked at Project44 and BluJay, while Parmett was a part of 3GTMS and Manhattan Associates.  

“We are now looking to support our customers with a global footprint,” said Rastogi. “Other than the geographies we are already present in, we are also investing heavily in Latin America and aggressively building our presence there.”

Varsha Tagare, Sr Director, Qualcomm Technologies, Inc, and Managing Director at Qualcomm Ventures, said Locus’ smart product suite is optimizing supply chain efficiencies by using machine learning to deliver real-time tracking and insights for the last mile fulfilment.  “We’re excited to invest in Locus to enable logistics as a service and support their journey to become a global last-mile automation leader.”

The company had earlier raised $30 million across multiple rounds.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel