Connect with us

Hi, what are you looking for?


Locad raises $4.9M in seed round to help expand PHL logistics infra

LOGISTICS and supply chain management integrator Locad is looking to strengthen logistics infrastructures in the Philippines after it raised $4.9 million in seed funding.

“With this funding, Locad is set to strengthen the logistics infrastructures in the Philippines and in Southeast Asia and provide businesses with top-of-class service in e-commerce fulfillment,” Locad Chief Executive Officer and Co-Founder Constantin Robertz said at a virtual press briefing.

Venture capital company Sequoia Capital India’s Surge led the seed round with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.

Locad will use the investment to expand its platform and fulfillment network.

“Many vendors, producers, and sellers are migrating to digital services but are still hampered in delivering their products to their customers,” Mr. Robertz said. “They also lack infrastructure, resources, and experience in managing both online services and their own supply chain.”

Mr. Robertz noted the e-commerce sector faces several challenges, including long delivery periods, delays in shipping, inability to deliver to far locations, high shipping costs, lack of storage space, and irreconcilable inventory levels.

He said Locad can simplify e-commerce logistics through its “distributed and flexible” warehousing network, all-in-one platform for managing multiple stores and inventory pools, and automated order fulfillment.

Locad was founded in Manila in October last year. It also has offices in Australia, Hong Kong, and India.

The company said its mission is to “level the playing field in direct-to-consumer commerce by giving brands small and large access to an integrated, distributed and flexible supply chain network that is simple yet scalable.” — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Lloyd’s of London could leave its iconic City of London headquarters after four decades in one of the most consequential signs yet of how...


As we enter a new year, I want to talk about the importance of balance, perspective, support and productivity and I’m here to make...


London-based edtech company MyTutor has acquired Fire Tech, a training platform that teaches children technology skills such as coding. The acquisition will see MyTutor...


British autonomous vehicle startup Wayve has raised $200m (£147m) in a funding round backed by Microsoft and Virgin. The London-based firm will use the...


London-based contract automation platform Juro has raised $23m (£16.9m) in a Series B funding round. The funding was led by Eight Roads, a global...


To sustain business growth, it’s crucial to create key business opportunities. Don’t be so busy in your day-to-day that you miss them … Faced...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.