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Investments

7

About Raju Reddy

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Latest Raju Reddy News

Locus raised $50 Mn led by GIC, Qualcomm Ventures, and existing investors

Jun 3, 2021

What's the news? Logistics startup Locus has raised $50 Mn in series C funding led by Singapore’s sovereign wealth fund GIC, Qualcomm Ventures, and existing investors Tiger Global and Falcon Edge and a bunch of angel investors - Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred, Raju Reddy, founder of Sierra Atlantic, and Deb Deep Sengupta, former president & MD, SAP South Asia - have also invested More to know Locus uses machine learning and proprietary algorithms to offer supply chain solutions to customers. The company says its solutions have resulted in $150 Mn savings in logistics costs, 70 million-km reductions in distance traveled, and 17 million kilograms reduction in GHG emissions for clients in e-commerce, retail, e-grocery, FMCG, home services, and a host of others.

Raju Reddy Investments

7 Investments

Raju Reddy has made 7 investments. Their latest investment was in Locus as part of their Series C on June 6, 2021.

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Raju Reddy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/2021

Series C

Locus

$50M

Yes

16

3/25/2021

Angel

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10

7/12/2019

Seed VC

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$99M

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10

6/22/2015

Series A

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$99M

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10

4/21/2014

Seed VC

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$99M

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10

Date

6/2/2021

3/25/2021

7/12/2019

6/22/2015

4/21/2014

Round

Series C

Angel

Seed VC

Series A

Seed VC

Company

Locus

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Amount

$50M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

16

10

10

10

10

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