About Locanix
Locanix is a Transportation, Automotive & Logistics company based in Ahmedabad (India) founded in 2012. Technology solutions for fleet management and GPS tracking. Locanix has raised $307.03 thousand across 1 funding round from investors including Cisco Investments and Jignesh Patel. The company has 7 employees. Locanix was last valued at $2.81 million in March 2017. Its Indian entity Locanix Private Limited reported revenue of ₹1.50 Cr. Locanix offers products and services including Track-N-Trace, Smart-Fleet, Fuel Monitoring, and Temperature Monitoring. Its focus areas include Consumer, Logistics Tech, Freight and Trucking.
Company details
Locanix offers technology products for individual customers and businesses providing fleet management and GPS tracking solutions. Its Track-N-Trace solution offers features such as real-time vehicle tracking, track reports, over speeding and fuel wastage alerts. Its Smart-Fleet solutions enables transportation industries to practice better fleet management with features such as driver behavior analysis, delivery time optimization, working hours reporting, CRM ERP integration, back-up battery status alerts along with reporting analytics. Other solutions include fuel monitoring and temperature monitoring devices. Raised INR 2crore from investors including senior executives at investment bank Goldman Sachs and technology company Cisco.
- Headquarters Ahmedabad, India
- Employees 7
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website locanix.com
- Social LinkedIn X
- Legal Name Locanix Private Limited
- Date of Incorporation 30 Dec, 2016
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹1.50 Cr
FY 2025 · -1% YoY
- Net Profit₹1.1 Lakh
FY 2025 · 1% margin
- EBITDA₹11.4 Lakh
FY 2025 · 8% margin
- Total Equity Funding$307.03K (USD)
in 1 rounds
- Latest Funding Round$307.03K (USD), Seed
Mar 2017
- InvestorsCisco Investments
& 1 more
- Employee Count7
Associated legal entities of Locanix
Locanix operates through Locanix Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Locanix Private Limited CIN U72900GJ2016PTC094950 | Active | 30 Dec 2016 | Ahmedabad, Gujarat | ₹1.5 Cr | 7 | 2 | View details |
Products & Services of Locanix
Locanix offers a comprehensive portfolio of products and services, including Track-N-Trace, Smart-Fleet, Fuel Monitoring, and Temperature Monitoring.
Real-time vehicle location and status monitoring system
Platform for fleet control and alert generation
System to track fuel usage and optimize consumption
Monitors temperature for sensitive cargo transport
Funding Insights of Locanix
Locanix has successfully raised a total of $307.03K through 1 strategic funding round. The most recent funding activity was a Seed round of $307.03 thousand completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $307,030
- Total Rounds 1
- Last Round Seed — $307,030
- First Round $307,030
(Mar 2017)
- Investors Count 2
All 1 funding rounds of Locanix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $307,030 | Seed | $2.81M | Jignesh Patel |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $2.81M | •••••••• |
Last known valuation $2.81M (Mar 2017). 2 investors in total: 1 institutional and 1 angel.
Investors in Locanix
Locanix has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Cisco Investments and Jignesh Patel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
JP Jignesh Patel | unknown_5c793437c588429e8 |
Investor details for Locanix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Locanix Private Limited (Locanix)
Locanix Private Limited is the primary company behind Locanix. The board of Locanix Private Limited currently have 2 directors; the longest-serving is Ruchit Bharatkumar Surati, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ruchit Bharatkumar Surati DIN 01894583 | Director | 30 Dec 2016 | 9 yrs 9 mo | Locanix Private Limited |
| Snehal Patel DIN 01542231 | Director | 30 Dec 2016 | 9 yrs 9 mo | Locanix Private Limited |
People of Locanix
3 people are tracked at Locanix (1 in leadership, 2 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Rohan Rohan | Technical Support Team Lead | Team |
Rizwan Shaikh | Engineer | Team |
Complete people profiles for Locanix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Locanix
Figures of Locanix Private Limited, the primary company behind Locanix, for FY 2025. Revenue was ₹1.50 Cr (-1% year on year). Net profit was ₹1.1 Lakh (1% margin). EBITDA was ₹11.4 Lakh (8% margin). Revenue has grown at a compounded annual rate of +10% over three years and -9% over five years.
- ₹1.50 CrRevenue · FY 2025 · -1% YoY
- ₹1.1 LakhNet profit · 1% margin
- ₹11.4 LakhEBITDA · 8% margin
- ₹36.3 LakhPaid-up capital
- 7Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Locanix Private Limited are on its company page.
Detailed financial statements for Locanix
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Locanix
3 dated milestones of Locanix across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Locanix is founded.
- Funding First funding round of $307K.
- Milestone Reaches Minicorn status.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Locanix (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Frequently Asked Questions about Locanix
Locanix was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Locanix is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Locanix is a funded company, having raised a total of $307.03K across 1 funding round to date. The company's 1st funding round was a Seed of $307.03K, raised on Mar 2017.
Locanix has 7 employees.
The primary company behind Locanix, Locanix Private Limited, reported revenue of ₹1.50 Cr for FY 2025, down 1% year on year.
Locanix offers technology products for individual customers and businesses providing fleet management and GPS tracking solutions. Its Track-N-Trace solution offers features such as real-time vehicle tracking, track reports, over speeding and fuel wastage alerts. Its Smart-Fleet solutions enables transportation industries to practice better fleet management with features such as driver behavior analysis, delivery time optimization, working hours reporting, CRM ERP integration, back-up battery status alerts along with reporting analytics. Other solutions include fuel monitoring and temperature monitoring devices. Raised INR 2crore from investors including senior executives at investment bank Goldman Sachs and technology company Cisco.
Locanix offers Track-N-Trace, Smart-Fleet, Fuel Monitoring, and Temperature Monitoring.
Locanix has 2 investors. Key investors include Cisco Investments, and Jignesh Patel.
The valuation of Locanix is $2.81M as of Mar 2017.
Locanix operates through Locanix Private Limited.
The legal entities of Locanix currently have 2 directors, including Ruchit Bharatkumar Surati, Snehal Patel.