The Recruit-backed supply chain management software provider will use the capital to further expand into the US and Southeast Asia.
Locus, the India-based logistics automation platform developer backed by human resources provider Recruit, has landed $22m in series B funding.
The capital was supplied by hedge fund managers Falcon Edge Capital and Tiger Global Management both took part in the round, as did venture capital fund Exfinity Venture Partners and VC firm Blume Ventures.
Founded in 2015, Locus operates an artificial intelligence-based platform that is used by companies and enterprises in the e-commerce, food delivery and consumer goods sectors to…
