Singapore’s Locad raises $11M Series A funding led by Temasek-backed Reefknot Investments

India-based supply chain tech startup Locad has raised $11 million Series A investment led by Singapore-based global venture capital Reefknot Investments. Other notable investors including Access Ventures, JGSummit, as well as returning investors Sequoia Surge, Febe Ventures, Antler, Hustle Fund, and Foxmont.

Singapore’s logistics firm Locad raises $11M Series A funding led by Reefknot Investments

Singapore-based logistics firm Locad has on Monday announced it has raised an $11 million Series A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel.

Philippines e-commerce logistics startup Locad secures $4.9M Seed fund led by Sequoia Capital India’s Surge

Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region.