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GIC leads $50 Mn Series C round in Locus

Shortpedia

Content Team
Image Credit: Inc42

Business-to-business (B2B) logistics optimisation company Locus has scooped up $50 million in its Series C round led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures, existing investors Tiger Global and Falcon Edge, and angel investors including Amrish Rau and Kunal Shah also participated in the round. Tiger and Falcon had led a $20 million Series B round in the company in May 2019.