Can they deliver? You bet. Philippine-founded logistics startup Locad just raised an $11M Series A! Thanks to them, brands can stop worrying about inventory, orders and shipping.

• Founded in 2020, they've served over 200 brands ship over 2M orders in Singapore, Thailand, Hong Kong, Australia and the Philippines.
• They have a 99% same-day order fulfillment rate.

Investor check. The round was led by Reefknot Investments, a JV between Singapore's Temasek and logistics company Kuehne + Nagel.

Existing investors Sequoia India and Southeast Asia's Surge, FEBE Ventures, Antler, Foxmont and Kaya Founders topped up during this round, and new investors Access Ventures, JG Summit and WTI also joined in!

• They raised a $4.9M seed in 2021.

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😉 Let them do the dirty work

They're an end-to-end logistics platform that automatically stores, packs, ships and tracks your inventory and orders across Asia-Pacific.

• Regional expansion made easy. With just one partner, you can sell and ship to customers across APAC.
• They have shipping partners to get everything to your customer's doorstep — whether it's on-demand, same-day, local or international shipping.

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📍 Closer and closer

Get distributed access to multiple localized warehouses in each city/area, allowing you to stock items nearer to customers. Say bye to just having access to a few centralized warehouses! Oh, and only pay for what you use.

• Oh-so-fast. This reduces both cost and delivery time for customers and brands.
• As their warehouse network grows, even consumers outside Tier-1 cities can get their orders 2-3x faster at a fraction of the cost.

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🤓 Talking tech

Sync and manage your inventory across each sales channel in one place. Oh, and track all your storage and deliveries across warehouses and shipping carriers too. You'll know what's in stock, where it's stocked and when it gets to your customer!

• It can sync data from sales channels like Shopify, Lazada, Shopee, WooCommerce and TikTok Shops.

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🌏 Regional domination

They'll be using the $$$ to grow their network of warehouses and shipping partners in SEA and Australia. Plus, they'll be hiring across the region too!

• The goal? Build the region's largest warehouse network in 5 years, allowing faster, cheaper and seamless deliveries for SMEs to enterprises.
• They'll also be increasing their warehouses in not just Tier 1 but also Tier 2 and 3 cities, so they can offer same-day delivery everywhere.