This investment will further enhance and expand Locad’s platform and fulfillment network that enables its clients’ goals for eCommerce growth. Locad is the first Philippine Surge investment of Sequoia, one of the world’s leading venture capital firms that has funded legendary companies in the technology sector (including Airbnb, Zoom, Youtube, Tokopedia and more) since 1972. The Philippines’ first Sequoia Surge investment
We’re excited to be providing logistics infrastructures to eCommerce businesses of any size in these countries and we will continue to grow our presence across the region,” shared Jannis Dargel, COO and Co-Founder of Locad. “We are now serving more than 30 brands in the Philippines, helping small businesses to some of the largest retailers deliver tens of thousands of items each month. In an industry where reliability and speed could make or break an eCommerce brand, our ability to provide a one-stop platform, from fulfilment capability to distributed warehousing, allows brands to meet the evolving needs of their customers with flexible, nimble and pain-free logistics solutions. With real- time visibility in data and analytics, it allows them to track orders online, monitor inventory levels, and generate reports in just a few clicks.įor Locad’s founders, the core of their mission is to level the playing field in direct-to-consumer commerce by giving brands small and large access to an integrated, distributed and flexible supply chain network that is simple yet scalable. The Locad Control Tower is an online platform that gives company owners a better view of their businesses. They also lack infrastructure, resources, and experience in managing both online services and their own supply chain.” With the exponential growth of eCommerce in Southeast Asia, Locad is empowering eCommerce brands who will play a pivotal role in driving the Philippines’ massive post-pandemic growth opportunity. Many vendors, producers, and sellers are migrating to digital channels but are still hampered with the logistics of bringing products to their customers. With the ability to fulfill orders faster and provide more affordable shipping rates to their customers, the Filipino-grown cosmetics brand based in Davao shared that their conversion rate nearly doubled for both their Shopee and Lazada stores after adding localised fulfillment in Metro Manila with Locad, thereby cutting delivery time and shipping fees for buyers.ĬEO and co-Founder Constantin Robertz shared, “eCommerce and on-demand delivery services are accelerating in the Philippines. As a result, there is an increase in our sales and conversion rate right away.” said Janine Munez, Director of IT Operations at KJM Cosmetics. “Since partnering with Locad, our business could focus less on the fulfillment process and more on other aspects like product and marketing. While Locad irons out the back-end operations of running a direct-to-consumer business, brands can then be left to focus on growing their business. Brands can manage all their orders and stock from a single virtual pool across multiple sales channels, with real-time visibility of sales, orders, inventory, and service levels. Business customers of Locad have the opportunity to integrate with eCommerce platforms such as Shopify, WooCommerce, Lazada, Shopee, and Zalora. While many companies address first mile and last mile problems in delivery, very few provide the fully integrated solution that Locad is pioneering. Redefining better and stronger eCommerce fulfillmentįounded in Manila and Singapore in October 2020, Locad is fast making a name for itself in the logistics industry and now has offices in Australia, Hong Kong, India, the Philippines and Singapore.
Instead of powering growth, such gaps are creating barriers, rather than enabling companies who have the appetite and ambition to grow beyond borders. Powered by a fully digital and integrated platform with real-time visibility over order and inventory movements, Locad plugs an important gap in the current eCommerce state-of-play – the fragmented, complex, and slow supply chain ecosystem in Southeast Asia.
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