A startup Logistics engine firm known as Locad announced they raised USD 11M to boost modern consumer brands in the Philippines.
The round was headed by Reefknot Investments, a fund anchored by Temasek and logistics brand Kuehne and Nagel.When they say expansion, they will add more warehouses to cater to the demand and partner with transport operators. While product development refers to system updates, protecting servers from hackers, and ensuring that the inventory data of merchants is in sync with the e-commerce platforms.
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