India, Nov. 20 -- Ecommerce logistics startup Locad has raised $9 Mn (around INR 76 Cr) in a Pre-Series B funding round co-led by Global Ventures and existing investor Reefknot Investments.

The round also saw participation from Sumitomo Equity Ventures and existing investors Antler Elevate, Febe Ventures and JG Summit.

The company looks to deploy the fresh proceeds to expand its overseas footprint and scaling up its AI-driven smart logistics stack.

Founded in 2020 by Constantin Robertz, Jannis Dargel and Shrey Jain, Locad offers cloud supply chain to ecommerce brands to grow their omnichannel business and automatically store, pack, ship and track orders.

The company claims to support more than 300 consumer brands across Southeast Asia...