Indian startup raises $22mln to improve logistics mapping
The Indian startup Locus that uses AI to map logistics operations has raised $22mln so it can expand its operation outside of India.
The firm works with logistics and e-commerce teams and helps them to automate logistics processes like planning, workforce, tracking, etc. It looks at past data to identify patterns and see how automation could be implemented on a large scale so operations become smoother.
Locus plans to expand in South Asia and North America. The firm has 110 staff with half of them outside of India.