Locus

Locus operates as a dispatch management platform, providing software-as-a-service (SaaS) solutions to enterprises for last-mile logistics. Founded in 2015 by Nishith Rastogi and Geet Garg, the company originated from their earlier work on a women's safety application called RideSafe. Rastogi, the CEO, previously worked at Amazon on algorithms to counter credit card fraud, while Garg serves as the CTO. The founders' journey began in a studio apartment, evolving into a global logistics technology company.

The firm's core business revolves around transforming logistics from a cost center into a revenue generator for its clients. Locus serves a diverse client base across sectors such as retail, e-commerce, and fast-moving consumer goods (FMCG), with notable customers including Unilever, Nestle, and BlueDart. The company operates globally, with a presence in North America, Europe, Southeast Asia, the Middle East, and the Indian subcontinent. Its business model is centered on providing advanced optimization algorithms and workflow automation to enhance operational efficiency and customer experiences.

Locus's main offering is an order-to-delivery dispatch management platform that uses proprietary, data-driven algorithms and automation to manage and optimize logistics. Key features include route optimization, real-time fleet tracking, analytics, automated shipment sorting, and rider allocation. The platform is designed to handle complex, real-world logistical challenges, helping businesses reduce transit costs, ensure on-time deliveries, and improve transparency. Locus has developed specific tools like 'Delivery Linked Checkout' (DLC), which provides delivery options at the point of sale, and an industry benchmarking tool called the 'Last-Mile Maturity Assessment'. By implementing these solutions, Locus has helped clients execute over a billion deliveries, save millions in transit costs, and significantly reduce carbon emissions.

Financially, Locus has secured substantial backing from prominent investors. The company has raised a total of $82.5 million over five funding rounds. Its latest funding was a $50 million Series C round in May 2021, led by GIC, Singapore's sovereign wealth fund, which brought the company's valuation to $300 million. Other key investors include Tiger Global Management, Qualcomm Ventures, and Falcon Edge. Keywords: last-mile delivery, logistics management, dispatch software, route optimization, supply chain technology, fleet management, SaaS, delivery automation, e-commerce logistics, FMCG logistics, Nishith Rastogi, Geet Garg, order-to-delivery, dispatch management platform, logistics optimization, real-time tracking, workflow automation, delivery analytics, shipment sorting, supply chain visibility