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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.