Indian intelligent logistics automation company Locus has received $22 million in a Series B round of financing.
New York-based venture capital and hedge fund Falcon Edge Capital and peer Tiger Global Management conducted the funding round.
Additionally, the round also had participation from previous investors, Exfinity Venture Partners and Blume Ventures.
With the new capital raised, Locus intends to extend its local teams and also penetrate deeper into North America and Southeast Asia by enhancing the product and solutions for each geography.