Locus Acquired
Last-mile/all-mile logistics dispatch-management and route-optimization SaaS platform, founded in July 2015 in Bangalore (registered as MARA Studios Pvt Ltd) by ex-Amazon engineers Nishith Rastogi and Geet Garg. Raised a $50M Series C led by GIC in June 2021 at an approx. $300M valuation. Acquired by Ingka Investments (Ingka Group, IKEA's largest franchisee) in October 2025, continuing to operate independently under…
Locus: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 2 Jun 2021 | Series C | $50 Mn | GIC Amrish Rau Deb Deep Sengupta Falcon Edge Kunal Shah Qualcomm Ventures Raju Reddy Tiger Global Management | source |
| 9 May 2019 | Series B | $22 Mn | Falcon Edge Tiger Global Management Blume Ventures Exfinity Venture Partners | source |
| 3 Jun 2018 | Pre-Series B | $4 Mn | BeeNext Blume Ventures Exfinity Venture Partners GrowX Ventures Hemendra Kothari pi Ventures Recruit Strategic Partners Rocketship VC | source |
| 9 May 2016 | Series A | $2.75 Mn | Exfinity Venture Partners BeeNext Blume Ventures Rajesh Ranavat | source |
| 27 Jul 2015 | Angel | Undisclosed | Ankit Pruthi Bhupen Shah GrowX Ventures Manish Singhal Sanjay Mehta | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 7 Oct 2025 | Ingka Group | Locus | Undisclosed | source |
News on Locus
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Who founded Locus?
Locus was founded by Nishith Rastogi, Geet Garg in 2015.
How much funding has Locus raised?
Locus has raised $78.75 Mn across 5 tracked funding round(s), most recently on 2021-06-02. Figures are compiled from cited public sources.
Who are the investors in Locus?
Investors in Locus include GIC, Amrish Rau, Deb Deep Sengupta, Falcon Edge, Kunal Shah, Qualcomm Ventures, Raju Reddy, Tiger Global Management.
What does Locus do?
Last-mile/all-mile logistics dispatch-management and route-optimization SaaS platform, founded in July 2015 in Bangalore (registered as MARA Studios Pvt Ltd) by ex-Amazon engineers Nishith Rastogi and Geet Garg. Raised a $50M Series C led by GIC in June 2021 at an approx. $300M valuation. Acquired by…
Where is Locus headquartered?
Locus is headquartered in Bengaluru, Karnataka, India.
What is Locus's business model?
Locus's core value proposition centers on Agentic Transportation Management System, Decisions bound by real operational constraints, Large cumulative cost savings for customers, Sustainability impact.
How does Locus make money?
Locus's cited revenue streams include Enterprise SaaS licensing tied to usage/outcomes.