Locofast raises $15M In series A funding

Stellaris Venture Partners and Chiratae Ventures contributed $15 million to Locofast, a fashion supply chain platform.

Locofast is a business-to-business (B2B) platform for textile manufacturers and buyers founded in 2019 by serial entrepreneur Deepak and his co-founder Mohit Piplani — with whom he previously worked on his previous startup, WeAreHolidays.

Locofast Online Services Pvt Ltd claims to have over 500 vendors selling on their platform and over 200 monthly average transactions. “We have an acquisition team on the ground to find sellers. We took a mixed strategy to onboarding sellers and buyers “Deepak, a product manager at MakeMyTrip, a travel service, agrees.

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