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Indian start up Locus raises $22 million funding from Tiger Global, Falcon edge

Logistic optimization startup Locus has secured $22 million in a funding round led by New York-based hedge fund Falcon Edge, VC firm Tiger Global & its existing investors, to expand its operations in the international market. Locus CEO said he had raised $29 million to date. Locus works with companies that operate in FMCG, logistics & e-commerce sectors; clients include Tata Group, Myntra, Big Basket, Lenskart & Bluedart.