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Locus.sh (Mara Labs Inc)

From EverybodyWiki Bios & Wiki

Locus.sh (Mara Labs Inc)
File:Locus company logo.png
Private
ISIN🆔
IndustryLogistics & Supply Chain optimization, AI Software Technology
Founded 📆2015
Founders 👔*Nishith Rastogi
  • Geet Garg
Headquarters 🏙️,
Bangalore
,
India
Area served 🗺️
Members
Number of employees
🌐 Websitelocus.sh
📇 Address
📞 telephone

Locus.sh is a logistics optimization platform. [1][2] It uses AI to provide route optimization, real-time tracking, insights and analytics, and intuitive 3D or bin packing.[1][3] It was founded by Nishith Rastogi and Geet Garg in 2015[3] with the aim of automating human decisions related to logistics and is based in India.[4][5]

History

Locus was founded in 2015 by Nishith Rastogi and Geet Garg, both graduates from BITS Pilani.[6][7] They later worked together as engineers at Amazon.[2][8][9][10]

In 2014, they developed Pinchat, a location-based conversational platform.[11] They also developed a geo-tracking app, RideSafe, for women’s safety in 2015, which tracks route deviations by drivers from the pre-decided track. It was later adopted by food tech companies to track deviations of their delivery staff.[12][13][2][5]

Nishith manages strategy and innovation at Locus, and Geet manages engineering and technology.[14] They have operations in South-east Asia, the Middle East, and North America, with customers including Tata Group of companies, Urban Ladder, Lenskart, Licious, and Rollick, among others.[15][16][14][17]

Financing

They raised $2.75 million in 2016 through Series A funding and $4 million in 2018 through Pre-Series B funding.[1][18][19][20][21][22][3]

Recognitions

  • Locus was featured in the Top 100 Startups To Watch in 2017.[23]
  • Locus was the winner of the 2017 Aegis Graham Bell Award in the Data Science category.[24]
  • Nishith Rastogi was listed in the Forbes Asia ’30 Under 30’ in 2018.[15]

References

  1. ↑ 1.0 1.1 1.2 "Locus.sh | Crunchbase". Crunchbase. Retrieved 2018-07-16.
  2. ↑ 2.0 2.1 2.2 Vignesh, J. (2016-10-07). "Track your driver real-time with Locus". The Economic Times. Retrieved 2018-07-16.
  3. ↑ 3.0 3.1 3.2 "Locus: Driving logistics with data driven algorithms". analyticsindiamag.com. Retrieved 2018-07-16.
  4. ↑ "Beenext-funded logistics automation startup Locus.sh expanding to Southeast Asia". Retrieved 2018-07-16.
  5. ↑ 5.0 5.1 Thomas, Anu; Bhattacharya, Ashutosh (2018). "This Bangalore-based startup promises to solve all inefficiencies for a logistics company". The Economic Times. Retrieved 2018-07-16.
  6. ↑ "7 Indian Logistics Startups To Watch Out For In 2018 [Startup Watchlist]". Inc42 Media. 2017-12-25. Retrieved 2018-07-16.
  7. ↑ S.H., Salman (2018-06-04). "Logistics start-up Locus raises $4 million from Rocketship.vc and others". https://www.livemint.com/. Retrieved 2018-07-16. External link in |work= (help)
  8. ↑ Bureau, BW Online. "Logistics Management Platform Locus Raises 2.75M in Series A Round of Funding". BW Disrupt. Retrieved 2018-07-16.
  9. ↑ "Winning Stroke Interview with Nishith Rastogi, CEO, Co-founder, Locus.sh". BW people. Retrieved 2018-07-16.
  10. ↑ "Not relying on jugaad, Bangalore-based startup Locus.sh aims to monitor 1% of the world's transport movement". mybigplunge.com. Retrieved 2018-07-16.
  11. ↑ Livemint (2017-05-20). "10 standout start-ups taking an AI leap in India". https://www.livemint.com/. Retrieved 2018-07-16. External link in |work= (help)
  12. ↑ "RideSafe to Locus: How this startup moved from women's safety to helping track food delivery boys". The Financial Express. 2016-10-12. Retrieved 2018-07-16.
  13. ↑ "India's Locus raises $4M to expand its logistics management service worldwide". TechCrunch. Retrieved 2018-07-16.
  14. ↑ 14.0 14.1 ""Build Great Products That Solve NP Hard Problems", Nishith Rastogi, Founder - Locus.sh | CrazyEngineers". CrazyEngineers. Retrieved 2018-07-18.
  15. ↑ 15.0 15.1 "Nishith Rastogi". Forbes. Retrieved 2018-07-18.
  16. ↑ "Locus: Driving logistics with data driven algorithms". analyticsindiamag.com. Retrieved 2018-07-18.
  17. ↑ "Exfinity leads $2.75M Series A funding round in logistics startup Locus". VCCircle. 2016-05-09. Retrieved 2018-07-18.
  18. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-07-18.
  19. ↑ Bureau, BW Online. "Logistics Management Platform Locus Raises 2.75M in Series A Round of Funding". BW Disrupt. Retrieved 2018-07-18.
  20. ↑ "Bangalore-based logistics startup Locus raises $4 million from Rocketship.vc and more". mybigplunge.com. Retrieved 2018-07-18.
  21. ↑ "BEENEXTとリクルートストラテジックパートナーズ、インドの都市間物流最適化プラットフォーム「Locus」の400万米ドル調達ラウンドに参加 - THE BRIDGE（ザ・ブリッジ）". THE BRIDGE（ザ・ブリッジ） (in 日本語). 2018-06-06. Retrieved 2018-07-18.
  22. ↑ "By 2020, we aim to automate all human decisions in logistics: Nishith Rastogi, Locus.sh". TECHSEEN. 2016-12-19. Retrieved 2018-07-18.
  23. ↑ "Here is a List of Top 100 Startups in India to Watch in 2017 | List of Best Startups in India". SutraHR. 2017-01-01. Retrieved 2018-07-18.
  24. ↑ "Locus Announced as Winner at the 8th edition of Aegis Graham Bell Awards - Aegis Graham Bell Awards". bellaward.com. Retrieved 2018-07-18.


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