Locad is a technology company.
Locad enables e-commerce brands to store, pack and ship orders globally through a distributed warehousing network and an AI-powered fulfillment engine.
Locad has raised $25.0M across 3 funding rounds.
Locad has raised $25.0M in total across 3 funding rounds.
Locad has raised $25.0M in total across 3 funding rounds.
Locad's investors include Global Ventures, Musaab Hakami, Peak XV Partners (formerly Sequoia Capital India & SEA), Deepak Diwakar, Antler, Capnamic Ventures, Iris Capital, Rajan Anandan, Sunfish Partners, Xploration Capital, Cornelius Boersch, Lukas Brosseder.
# High-Level Overview
Locad is a cloud-based logistics platform that enables e-commerce brands to manage omnichannel fulfillment across distributed warehouse networks[2]. The company operates as a "logistics engine"—combining integrated technology with a physical network of warehouses and logistics partners—allowing merchants to store, pack, ship, and track orders across Asia-Pacific, the GCC, and the USA[2][4].
Locad solves a critical pain point for growing e-commerce businesses: the complexity of managing inventory across multiple sales channels while maintaining fast, cost-effective delivery. By providing geographically distributed warehousing infrastructure, the platform enables brands to stock goods closer to customers, reducing shipping times and costs[2][4]. The company serves hundreds of e-commerce brands seeking scalable fulfillment without building their own logistics infrastructure[2].
# Origin Story
Locad was co-founded by Jannis Dargel (COO) and Shrey Jain (CTO), drawing on deep operational expertise in Southeast Asian e-commerce. Dargel spent five years at Zalora, Asia's leading online fashion retailer, where he held senior roles in fulfillment and operations before becoming Director of Operations[2]. The founding insight emerged directly from this experience: Zalora moved warehouses six times as the company outgrew its logistics infrastructure, revealing the acute need for flexible, scalable fulfillment solutions[4].
Jain brings complementary technical depth, with product development experience at Grab (Southeast Asia's leading superapp) and 99.co (a real estate technology company), combined with a background in mechanical engineering from the Indian Institute of Technology and AI specialization from the National University of Singapore[2]. This blend of operational and technical expertise positioned the founders to build both the infrastructure and the technology required for a modern logistics platform.
# Core Differentiators
# Role in the Broader Tech Landscape
Locad operates at the intersection of two powerful trends: the explosive growth of omnichannel e-commerce in Asia-Pacific and the shift toward outsourced, technology-enabled logistics infrastructure. As brands increasingly sell across multiple marketplaces (Shopify, Amazon, TikTok Shop, local platforms), managing inventory and fulfillment manually becomes unsustainable. Locad's cloud logistics network addresses this by automating what was previously manual coordination work.
The timing is particularly favorable in Asia-Pacific, where e-commerce penetration continues to rise and logistics infrastructure remains fragmented compared to mature Western markets. By building a unified platform that aggregates warehouse capacity and carrier networks, Locad reduces friction for merchants and creates network effects—more brands using the platform make the warehouse network more valuable, which attracts more carriers and warehouse partners[2][4].
# Quick Take & Future Outlook
Locad is positioned to become a critical infrastructure layer for omnichannel e-commerce in Asia-Pacific and beyond. The company's Series A funding signals investor confidence in the logistics engine model, and the expansion into the USA and GCC markets suggests ambitions to replicate the Southeast Asian playbook globally[4].
The key to Locad's future influence will be deepening its network effects: as more brands adopt the platform, the warehouse network becomes denser and more efficient, creating a competitive moat. The integration of AI and automation into fulfillment operations—areas where co-founder Jain has specialized expertise—could further differentiate Locad as logistics becomes increasingly intelligent and predictive[2][3].
For e-commerce brands, Locad represents a shift away from building proprietary logistics infrastructure toward consuming logistics as a service. This mirrors broader trends in software and infrastructure, where specialized platforms replace in-house solutions. As this transition accelerates, Locad's role in the startup ecosystem will likely expand from serving mid-market brands to supporting enterprise-scale omnichannel operations.
Locad has raised $25.0M across 3 funding rounds. Most recently, it raised $9.0M Series B in November 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2024 | $9.0M Series B | Global Ventures, Musaab Hakami | |
| Jan 1, 2023 | $11.0M Series A | Peak XV Partners (formerly Sequoia Capital India & SEA), Deepak Diwakar | |
| Mar 1, 2021 | $5.0M Seed | Antler, Capnamic Ventures, Global Ventures, Iris Capital, Rajan Anandan, Peak XV Partners (formerly Sequoia Capital India & SEA), Sunfish Partners, Xploration Capital, Cornelius Boersch, Deepak Diwakar, Lukas Brosseder |