The firm was acknowledged as a “Soonicorn” for its execution excellence and future development potential
SAN FRANCISCO, Nov. 4, 2022 /PRNewswire/ — Locus, a modern know-how firm fixing for excellence in Last-Mile logistics, has been named a Top Emerging Startup for Logistics Tech by Tracxn, a international platform for monitoring startups and personal firms. In the most recent annual listing, which identifies essentially the most promising Logistics Tech startups globally, Locus was acknowledged as a Soonicorn, demonstrating its development potential to change into a Unicorn sooner or later.
“We feel humbled and proud to be chosen as one of the top logistics tech startups list by Tracxn,” says Nishith Rastogi, Founder and CEO of Locus. “This recognition comes at a watershed moment in our growth journey, as we work towards making last-mile logistics an effortless and strategic differentiator for enterprises across the globe through our end-to-end real-world ready dispatch management solution.”
The international logistics tech business has over 12,000 startups comprising firms offering varied services like storage of products or software program options for managing and optimizing total logistics operations. Tracxn’s scores are primarily based on a detailed evaluation carried out by their inside sector specialist crew coupled with a mixture of a number of publicly accessible alerts such as market measurement, funding by marquee buyers, execution excellence, and future development prospects.
About Locus
Locus is a modern know-how firm fixing one of the crucial difficult international provide chain issues: Last-Mile logistics. Locus’ order-to-delivery dispatch management platform helps enterprises rework their Last-Mile logistics operations from value facilities to income turbines by means of superior optimization algorithms and intuitive workflow automation that equip companies with the instruments wanted to maximise effectivity whereas delighting prospects.
Founded in 2015 and backed by GIC Singapore, Tiger Global, Qualcomm Ventures, and Falcon Edge, Locus has helped a big selection of consumers globally throughout industries – together with Unilever, Nestle, Bukalapak, The Tata Group, BlueDart, and extra – execute 650 million deliveries throughout 30+ international locations throughout North America, Europe, Southeast Asia, the Middle East, ANZ, and the Indian subcontinent. Its know-how has additionally helped save $200 million in transit prices, offsetting 70 million kilograms in CO2 emissions whereas sustaining a 99.5% SLA adherence ratio.
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