Locad, a cloud logistics network that fulfills e-commerce orders for entrepreneurs and enterprises, with development center in Ukraine has raised a $4.9 million seed round from Sequoia Capital India, Antler, FEBE Ventures, Foxmont, GFC and Hustle Fund
- Startup’s aim is to close the gap between first-mile and last-mile delivery services, enabling e-commerce companies to offer lower shipping rates and faster deliveries while freeing up more time for other parts of their operations, such as marketing and sales conversions.
- Locad was founded in Singapore and Manila, now also has offices in Australia, Hong Kong and India.
via TechCrunch, AIN.UA