The company was recognized as a “Soonicorn” for its execution excellence and future growth potential.
Bengaluru, November 7, 2022 – Locus, a leading-edge technology company solving for excellence in Last-Mile logistics, has been named a Top Emerging Startup for Logistics Tech by Tracxn, a global platform for tracking startups and private companies. In the latest annual list, which identifies the most promising Logistics Tech startups globally, Locus was recognized as a Soonicorn, demonstrating its growth potential to become a Unicorn in the future.
“We feel humbled and proud to be chosen as one of the top logistics tech startups list by Tracxn,” says Nishith Rastogi, Founder and CEO of Locus. “This recognition comes at a watershed moment in our growth journey, as we work towards making last-mile logistics an effortless and strategic differentiator for enterprises across the globe through our end-to-end real-world ready dispatch management solution.”
The global logistics tech industry has over 12,000 startups comprising companies providing various products and services like storage of goods or software solutions for managing and optimizing overall logistics operations. Tracxn’s ratings are based on a detailed analysis conducted by their internal sector specialist team coupled with a combination of multiple publicly available signals such as market size, investment by marquee investors, execution excellence, and future growth prospects.