About Locanix
Locanix is a company based in Ahmedabad (India) founded in 2012. Locanix has raised $307.03 thousand across 1 funding round from investors including Cisco Investments and Jignesh Patel. The company has 7 employees as of April 08, 2024. Locanix offers products and services including Track-N-Trace, Smart-Fleet, Fuel Monitoring, and Temperature Monitoring. Locanix operates in a competitive market with competitors including Samsara, Radius, Lytx, Platform Science and GreenRoad, among others.
- Headquarter Ahmedabad, India
- Employees 7 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Locanix Private Limited
- Date of Incorporation 30 Dec, 2016
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$136.75 K (USD)-30.58as on Mar 31, 2022
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Net Profit
-$24 K (USD)-12.23as on Mar 31, 2022
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EBITDA
$27.22 K (USD)-50.59as on Mar 31, 2022
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Total Equity Funding
$307.03 K (USD)
in 1 rounds
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Latest Funding Round
$307.03 K (USD), Seed
Mar 29, 2017
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Investors
Cisco Investments
& 1 more
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Employee Count
7
as on Apr 08, 2024
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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
People of Locanix
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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.
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.
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Technology investments and expertise in networking, cloud, and security services.
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JP
Jignesh Patel |
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Investor details for Locanix
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Investments & Acquisitions by Locanix
Investment portfolio details for Locanix
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Financial Statements - Locanix
Detailed financials for Locanix
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Locanix Comparisons
Peer comparison for Locanix
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Competitors of Locanix
Locanix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Samsara, Radius, Lytx, Platform Science and GreenRoad, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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Predictive marketing and sales platform
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Provider of video telematics and fleet management solutions
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Provider of integrated solutions for fleet management
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Fleet telematics and management solutions for safe driving are provided.
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IoT networking hardware and device management platforms are provided.
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Detailed competitors of Locanix
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Latest news on Locanix
Complete news archive for Locanix
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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.
As of Apr 08, 2024, the latest employee count at Locanix is 7.
Annual revenue of Locanix is $136.75K as on Mar 31, 2022.
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.