Logistics and supply chain management integrator Locad raised $4.9 million in seed funding led by Sequoia Capital India’s Surge with participation from Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, and Hustle Fund.
Locad is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better in a rapidly evolving Southeast Asian landscape.
Locad offers ecommerce brands and retailers 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.
“At the heart