Logistics automation start-up Locus raises $22 mn from Tiger, Falcon Edge

Locus offers a Saas platform to delivery and logistics services companies, automating a part of the process that earlier required manual decision making

Locus, a logistics automation start-up, has raised $22 million from Tiger Global Management and Falcon Edge Capital, the company said on Monday. The series B round also saw participation from existing investors Exfinity Venture Partners and Blume Ventures.

This is the six investment by Tiger over the past six months, after Ninjacart, Facilio, Fyle, CleverTap and Zenoti. The New York-based investor is focusing on business-to-business (B2B) and software-as-a-service (Saas) deals as it renews pace of India investments after the departure of Lee Fixel. Falcon Edge, which has close ties to Tiger, is an investor in Ola DailyHunt, Quikr, Aye Finance