Logistics-tech startup LocoNav bags $37 mn in Series B funding

By VARINDIA - 2021-07-06

Logistics-tech startup LocoNav bags $37 mn in Series B funding

LocoNav was founded in 2016 by Shridhar Gupta and Vidit Jain. The company provides proprietary technology solutions to help its clients manage their fleets. It is already live in 25 countries.

 

The funds were raised from Quiet Capital, Anthemis Group, Sequoia Capital India, Foundamental, RIT Capital Partners, Uncorrelated Ventures, and Village Global, said LocoNav in a statement.

 

The round also saw participation from individuals such as Anjali Joshi (ex-VP, product, Google), Anand Chandrasekaran (ex-CPO, SnapDeal, and ex-director, Facebook), Manik Gupta (ex-CPO, Uber), Jai Shekhawat, Mark Licht, Akhil Paul, Vas Bhandarkar, Ajay Agarwal (partner at Bain Capital Ventures), Abhi Ingle (COO at Qualtrics) and Aadil Mamujee.

 

It will use the funds to strengthen its technology and data science team across San Francisco, Gurugram and Bengaluru. The fresh capital will also help the company establish additional partnerships and channels, and make strategic acquisitions.

 

The fresh capital will also help the company establish additional partnerships and channels, and make strategic acquisitions.

 

Earlier known as Baba Trucks, LocoNav was founded in 2016 by Shridhar Gupta and Vidit Jain. The company provides proprietary technology solutions to help its clients manage their fleets.


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