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AI backed logistics startup Locus raises $22 million in Series B funding

Updated : May 16, 2019 10:15 AM IST

Locus, an AI backed supply chain optimisation startup, has raised $22 million in Series B funding led by New York-based Falcon Edge and Tiger Global. Previous investors Infosys’ co-founder V Balakrishnan’s Exfinity Venture Partners and Blume Ventures also participated in this round.

Locus counts large enterprises like HUL, Blue Dart, Big Basket as clients and plans to use the funds to expand more aggressively in South East Asia and North America besides launching new platform based enterprise services.
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