By maximizing Locad as the primary platform in performing and organizing the logistics needs related to eCommerce, the integrated platform enables companies to run a more seamless fulfillment infrastructure at affordable costs. The additional funding will accelerate the development of Locad’s technology and will create better opportunities for businesses that select the logistics cloud as their platform of choice to grow their direct-to-consumer business in eCommerce and omnichannel retail, also ensuring continuity for years to come. With eCommerce showing 76% penetration in the Philippines in 2020, an increase in the usage and need for Locad’s comprehensive services is likely to occur as businesses strive to level up their fulfillment infrastructure. This investment will further enhance and expand Locad’s platform and fulfillment network that enable its clients’ goals for eCommerce growth. Locad is the first Philippine Surge investment of Sequoia, one of the world’s leading venture capital firms that has funded legendary companies in the technology sector (including Airbnb, Zoom, Youtube, Tokopedia and more) since 1972. The Philippines’ first Sequoia Surge investment
We’re excited to be providing logistics infrastructures to eCommerce businesses of any size in these countries and we will continue to grow our presence across the region,” shared Jannis Dargel, COO and Co-Founder of Locad. “We are now serving more than 30 brands in the Philippines, helping small businesses to some of the largest retailers deliver tens of thousands of items each month. In an industry where reliability and speed could make or break an eCommerce brand, our ability to provide a one-stop platform, from fulfilment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions.ĪLSO READ: Get up to 30% off on realme products at the Shopee 7.7 Mid-year Sale They also lack infrastructure, resources, and experience in managing both online services and their own supply chain.” With the exponential growth of eCommerce in Southeast Asia, Locad is empowering eCommerce brands who will play a pivotal role in driving the Philippines’ massive post-pandemic growth opportunity.įor Locad’s founders, the core of their 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. Many vendors, producers, and sellers are migrating to digital channels but are still hampered with the logistics of bringing products to their customers. While many companies address first mile and last mile problems in delivery, very few provide the fully integrated solution that Locad is pioneering.ĬEO and co-Founder Constantin Robertz shared, “eCommerce and on-demand delivery services are accelerating in the Philippines. Redefining better and stronger eCommerce fulfillmentįounded in Manila and Singapore in October 2020, Locad is fast making a name for itself in the logistics industry and now has offices in Australia, Hong Kong, India, the Philippines, and Singapore. Instead of powering growth, such gaps are creating barriers, rather than enabling companies who have the appetite and ambition to grow beyond borders. Powered by a fully digital and integrated platform with real time visibility over order and inventory movements, Locad plugs an important gap in the current eCommerce state-of-play – the fragmented, complex, and slow supply chain ecosystem in Southeast Asia. Locad offers eCommerce brands and retailers simple yet scalable end-to-end solutions, ranging from plug-and-play eCommerce fulfilment to a distributed warehousing network in APAC for companies that are looking to scale their business internationally. Logistics and supply chain management integrator Locad today announces US$4.9 million in funding, in a seed round led by Sequoia Capital India’s Surge with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.