AI logistics startup, Locus, co-founded by KGP alumnus Geet Garg ('11), receives $22M in funding
YourStory (May 13, 2019)
AI-backed supply chain optimisation company Locus secured $22 million in a Series B round of funding led by Falcon Edge Capital and Tiger Global Management, with participation from existing investors Exfinity Venture Partners and Blume Ventures. This takes the total amount of funding raised by the startup to over $28 million. The deal values the company at nearly $100 million.
Founded in 2015 by BITS Pilani alumnus Nishith Rastogi and IIT Kharagpur alumnus Geet Garg ('11), Locus is an advanced supply chain optimisation company that uses proprietary algorithms and deep learning to provide route optimisation, real-time tracking, insights and analytics, dynamic sales journey plans, efficient warehouse management and vehicle allocation and utilisation. (Read More)