Tech-enabled supply chain startup, Locofast brought $15 million up in Series A co-led by Stellaris Venture Partners and Chiratae Venture where Kris Gopalakrishnan’s asset – Axilor Ventures with Suhail Sameer (CEO, BharatPe), Amit Lakhotia (CEO and organizer, Park+), and Nitin Gupta (CEO and author, Uni) among others additionally took an interest.
Locofast tends to the presently broken material inventory network by associating sellers and providers from everywhere around the world through a stage. Locofast will put resources into innovation, extend to in excess of 15 urban areas in India, and send off three new item classes with this capital imbuement, all while empowering SMEs to scale their organizations. It will likewise keep on developing its labor force while zeroing in the advancement of existing groups. The startup professes to have quickly extended and cooperated with over 500 providers, who have by and large finished 5000 textile orders across India. It likewise claims to have affected the stock chains of more than 700 brands from the absolute greatest names in the attire business, including Zara, H&M, TJX, Cotton:On, and Primark.