# Locofast Online Services Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locofast-online-services-pvt

- Industry: Consumer Products
- Headquarters: New Delhi, India
- Website: www.locofast.com
- Total disclosed funding: $8.6M
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 3

## About

Based in New Delhi, India, and founded in 2019 by Deepak Wadhwa, and Mohit Piplani, Locofast Online Services Pvt Ltd, d.b.a. Locofast operates a business-to-business textile-focused supply chain platform that provides all types of greige and finished fabrics and connects manufacturers and suppliers to brands and exporters. In February 2022, Locofast Online Services Pvt Ltd raised venture debt funding co-led by BlackSoil Capital and Stride Ventures. The round was part of a larger USD 15 million debt and equity funding. As of February 2022, the company employs more than 49 employees.

Locofast Online Services Pvt Ltd works with mills and processing units to provide different types of greige and finished fabrics, along with offers multiple services, including dyeing, printing, finishing, knitting, weaving, and more. The company also provides a mobile application with features, such as order tracking, quality checks, and end-to-end logistics, including packing, shipping, and delivery. As of February 2022, Locofast has managed the supply chain of about 700 brands and onboarded about 500 suppliers.

Locofast Online Services Pvt Ltd plans to use its proceeds from February 2022 funding to expand its business reach in domestic and overseas markets, launch new product categories, as well as increase its team from 50 to 500 in the next 12 months. The company also plans to increase its suppliers to 2,500 in the next 12 months.

## Funding rounds

- Series A, Oct 5, 2021, $6.8M — Chiratae Ventures, Axilor Ventures, Stellaris Venture Partners
- Series A, Dec 28, 2019, $1.8M — Axilor Ventures

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Series A
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A
- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Series A