Previous investors Sequoia India and Southeast Asia’s Surge, Febe Venture and Antler also participated, along with new investors Access Ventures, JG Summit, and WTI. The funding round is led by Reefknot Investments, a fund anchored by the Singaporean sovereign wealth fund Temasek and logistics powerhouse Kuehne & Nagel. Cash will also go into product development and to support hiring. It wants to open additional warehousing capacity in more countries in Asia, as well as in the countries where it already has a presence – that will enable it to offer next-day delivery to a much larger number of merchants’ customers. Some of the cash is earmarked for expanding the company’s infrastructure. Today’s fundraising will help Locad develop further, Robertz expects. But most of the cost is variable, with merchants paying fees per item stored in the warehouse, and per order fulfilled. The company’s business model is partly based on the software-as-a-service concept, with ecommerce merchants paying a monthly subscription fee for access to the Locad platform. It also commits to service level agreements promising better fulfillment performance than most brands would be able to target in-house.
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To reassure on this front, Locad points to the transparency its software offers, with merchants able to track what’s going on with their customers’ orders in real time. Merchants are handing over responsibility for fulfillment to a third party – if Locad lets them down, customers will blame the ecommerce brand they bought through, not the infrastructure provider they know little about. The potential downside to this arrangement, on the other hand, is loss of control. All products are handled in excellent fulfillment centers that are equipped with excellent infrastructure to get your delivery to the customer right on time.Locad founders Shrey Jain, Constantin Robertz and Jannis Dargel Locad Locad partners with DHL, LBC, J&T, Lalamove, Entrego, XDE, and Ninjavan for shipments in the Philippines. With Locad, you can conveniently cut down on your shipping costs and transit times. That’s why you need a fulfillment center that has the resources and expertise to get your products out the door and into them their hands quickly, efficiently, and affordably. Filippino customers want to shop at any time or from anywhere, and they want their products delivered fast to their doorstep. Shipping fees can be deterring for new customers. Whether you need to store more of your inventory due to increased demand or less because you’re easing into the holiday season, we’ll make adjustments to satisfy your needs. Locad can fulfill your order with our secure, state-of-the-art facilities in Metro Manila, Cebu, and Davao. That’s why it’s important to find a fulfillment partner in the Philippines who can provide what your business needs now and in the future. Not only do you need room for storage during busy seasons, but you also need flexible options that can accommodate changes throughout the year. When you’re a growing e-commerce business, it’s tough to keep up with all the logistics and the hassles that come with it.
The best way you can provide your clients with a great experience when they order from you is to partner with Locad The growing e-commerce market in the Philippines is forecasted to reach $24 billion by 2025. Your products must go to a reliable source so that you can focus on boosting the business. When it comes to customer satisfaction, we think you need the best fulfillment center in the Philippines. So whether you’re an established business or starting up for the first time, having Locad as a fulfillment partner will make life easier for you.
We offer high-tech service, custom solutions, and on-time delivery. Locad is a fulfillment service provider in the Philippines that can help your e-commerce business grow. That means if your logistics and fulfillment system isn’t up to par, it will show throughout all stages of the process. Customers won’t be happy if they don’t receive the products they ordered on time. If it’s not properly managed, you’ll see the effects at all levels of your customer journey. For any thriving e-commerce company, customer satisfaction is paramount. A successful online store isn’t complete without seamless and effective fulfillment, but it doesn’t come easy. It can be tough to manage the fulfillment needs of your e-commerce business while scaling.
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