💨 Abstract

Ecommerce logistics startup Locad announced a $9 million fundraise, led by Global Ventures and Reefknot Investments, to expand in the Middle East and enhance its AI-driven features. The investment is to optimize operations, save costs, and cater to the surge in ecommerce demand post-COVID. The company plans to use the funds for better analytics for demand and inventory.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖