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Locus raises Rs 155 cr from Falcon Edge Capital, Tiger Global

Press Trust of India  |  New Delhi 

Locus, a supply chain optimisation company, Monday said it has secured USD 22 million (about Rs 155 crore) in funding from and

The series B round funding also saw participation from existing investors, and

After India, the company started expanding its presence in and in 2018.

The new round of funding will help penetrate deeper into new markets by enhancing the product and solutions for each geography and also in expanding local teams, the company said in a statement.

"provides autonomous supply chain optimisation, thus, minimising the dependency on human intelligence, built by an incredible team of PhDs and engineers... The funding will act as a boost to our global expansion efforts as we amplify our team size specifically in and continue to build our IP," said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 18:56 IST