Investments
7Latest Raju Reddy News
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.
Raju Reddy Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/2/2021 | Series C | Locus | $50M | Yes | 16 | |
3/25/2021 | Angel | |||||
7/12/2019 | Seed VC | |||||
6/22/2015 | Series A | |||||
4/21/2014 | Seed VC |
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 | ||||
Amount | $50M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 16 |
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