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ETtech Deals Digest: Logistics startups raise bigger financing rounds SECTIONS Last Updated: Jun 04, 2021, 07:03 PM IST Share Synopsis Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands—the Thrasio-style venture of former Myntra CEO Ananth Narayanan—secured $50 million in a mix of equity and debt. iStock Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands, the Thrasio-style venture of Ananth Narayanan, secured...

India Business News: Logistics startup Locus has raised $50 million in series C funding led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures, and existing inves

Read more about Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global on Business Standard. Series C funding led by Singapores sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate

Locus will use the funding to improve its geographical reach and build its research and development team to expand the product line.

The funds will be used to improve geographical reach and build an R&D team

Locus raises $50M to build the operating system of logistics Company’s proprietary geocoding engines help with remote delivery planning 3 minutes read Locus raises $50 million to continue building patent technology. (Photo: Denis.Vostrikov/Shutterstock) Bengaluru, India-based Locus, a supply chain technology platform powered by artificial intelligence, announced on Wednesday that it has raised $50 million in a Series C round led by GIC, Singapore’s sovereign wealth fund, with part...

How The Pandemic Fueled The Rise of Buy Now Pay Later 2 hours ago As the Indian consumer market shifted to online platforms to buy their goods during the last year, Buy-Now-Pay-Later (BNPL) or embedded finance options have become commonplace on most e-commerce platforms. These credit-payment options offer consumers a short loan for a specific purpose. BNPL credit products or their technical embedded finance essentially offers customers a small loan instantly in certain stores or on e-commerce w...

Synopsis Locus, a SaaS-based logistics startup, will use the funding from investors GIC, Qualcomm Ventures, Tiger Global and Falcon Edge to fuel its expansion, and research and development. ETtech Founded in 2015 by Nishith Rastogi and Geet Garg, Locus uses machine learning and proprietary algorithms to offer supply-chain solutions to customers. (Photo: Locus.sh website) Mumbai:Locus, a business-to-business (B2B) logistics optimisation startup, has raised $50 million in a Series-C funding round...

Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management […]

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