Ecommerce logistics startup Locad raises $9 million in new funding

Quick Summary:

Ecommerce logistics startup Locad said on Wednesday it has raised $9 million as it aims to expand in Saudi Arabia and the United Arab Emirates in the fourth quarter.

Since then, Locad said it has expanded its market presence and now has more than 300 customers across Southeast Asia and Australia.

Sumitomo Equity Ventures and other existing investors such as Antler Elevate, Febe Ventures and JG Summit also participated.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaSaudi ArabiaUnited Arab Emirates

Topics: Startup Company Locad Inventory Investments Services Raised Ecommerce Logistics Ventures Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 11:03:32 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23714300

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 55 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 52 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions