Logistics Tech Startup Locus Raises Angel Funding Led by GrowX Ventures And Manish Singhal

FYI

Logistics Tech Startup Locus Raises Angel Funding Led by GrowX Ventures And Manish Singhal

Company Name : Locus
Funding Amount : Not Disclosed
Investor(s) Growx Venture Manish Singhal. Bhupen Shah, Sanjay Mehta, and Ankit Pruthi among others.
Funding Round : Angel round


Locus is building advanced algorithms to automate and improve a wide range of functions for logistics players.

Locus offers traditional logistics companies, ‘Uber for X’ businesses, hyper-­local delivery players, intra/inter-­city logistics firms, etc., with a proprietary route deviation engine, order
dispatch automation, field user applications, route optimization, tracking for end-­?customer, and predictive analytics. Effectively, Locus offers the entire logistics technology stack in the form of a platform-­as-­a-­ service.

Locus has also created a consumer app called RideSafe powered by their Realtime Route Deviation Detection (R2D2) engine.
The app helps improve user safety while travelling by algorithmically monitoring for deviations from a set of acceptable routes based on roads, traffic, and several other factors.

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