Locus.sh

Locus.sh

Locus.sh is a global logistics optimization platform. It uses deep learning and proprietary algorithms to provide route optimization, real-time tracking, insights and analytics, beat optimization, warehouse management, vehicle allocation and utilization, intuitive 3D or bin packing and measurement of packages.

Locus.sh was founded by Nishith Rastogi and Geet Garg in 2015 with the aim of automating the human decisions related to logistics and is based in Wilmington, USA

History

Locus was founded in 2015 by Nishith Rastogi and Geet Garg who are both graduates from BITS Pilani and IIT Kharagpur, who later worked together as engineers at Amazon.In 2014, they developed Pinchat, a location-based conversational platform. They also developed a geo-tracking app, RideSafe for women’s safety in 2015 which tracks route deviations by drivers from the pre-decided track. Ridesafe was the result of irrational but worrisome late-night situation for Nishith while his sister was visiting Bangalore. It was later adopted by food tech companies to track deviations of their delivery staff.Nishith manages strategy and innovation at Locus and Geet manages the engineering and technology. They have operations in South-east Asia, Middle East, and North America with customers including Tata Group of companies, Urban Ladder, Lenskart, Licious, and Rollick, among others.

Financing

They raised $2.75 million in 2016 through series A funding and $4 million in 2018 through Pre-series B funding.

Recognitions

Locus was featured in the Top 100 Startups To Watch in 2017.

Locus was the winner of the 2017 Aegis Graham Bell Award in the Data Science category.

Nishith Rastogi was listed in the Forbes Asia ’30 Under 30’ in 2018.

Timeline

May 13, 2019

$22 million in Series B funding.

The financing round was led by Falcon Edge Capital and Tiger Global with participation from investor Exfinity Venture Partners and Blume Ventures. The startup has raised $29 million to date.

June 2018

Locus.sh raises a $4,000,000 series B round from Recruit Strategic Partners, Blume Ventures, Hemendra Kothari, rocketship.vc, BEENEXT, Pi Ventures, growX ventures and Exfinity Venture Partners.

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