Logistics integrator Locad secures $ 4.9 million in funding from Sequoia Surge
“Locad is poised to strengthen logistics infrastructure in the Philippines and Southeast Asia and provide businesses with world-class service in e-commerce execution,” said CEO and co-founder Constantin Robertz. “E-commerce and on-demand delivery services are accelerating in the Philippines. Many suppliers, producers and sellers are migrating to digital channels, but are still hampered by the logistics required to bring the products to their customers. They also lack infrastructure, resources and experience in managing online services and their own supply chain, ”he added. Founded in Manila and Singapore in October 2020, Locad has strengthened its presence in the logistics sector with offices in Australia, Hong Kong, India, the Philippines and Singapore. While other companies deal with first and last mile delivery issues, very few provide the fully integrated solution that Locad pioneered. Locad’s business customers can integrate with e-commerce platforms such as Shopify, WooCommerce, Lazada, Shopee, and Zalora, as well as manage all of their orders and inventory from a single virtual pool across multiple sales channels, with real-time sales visibility. , orders, inventory and service levels. “Since our partnership with Locad, our company has been able to focus less on the fulfillment process and more on other aspects such as product and marketing. As a result, our sales and conversion rate increase immediately, ”said Janine Munez, director of IT operations for Davao-based cosmetics brand KJM Cosmetics.
Locad COO and co-founder Jannis Dargel said the company now serves more than 30 brands nationwide, ranging from small businesses to some of the largest retailers who deliver tens of thousands of items each month. . “We are excited to provide logistics infrastructure to e-commerce businesses of all sizes and will continue to expand our presence in the region,” said Dargel.
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