LocoNav

Wilmington, United States Founded: 2016 • Age: 10 yrs Minicorn
Platform offering fleet management for businesses

About LocoNav

LocoNav is a Transportation, Automotive & Logistics company based in Wilmington (United States) founded in 2016 by Vidit Jain and Shridhar Gupta. LocoNav has raised $46.52 million across 7 funding rounds from investors including Peak XV Partners, RIT Capital Partners and Anthemis Group. LocoNav was last valued at $32.98 million in January 2019. Its chief executive, as recorded, is Samit Srivastava. Its website loconav.com draws about 74 thousand monthly visits. LocoNav offers products and services including Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and E-Lock Solution. Its focus areas include Consumer, Road Transport Tech, Fleet Management and End to End. Its competitors include Samsara, Wright Express and Radius; 2 of its 3 listed competitors have raised funding.

Company details

Platform offering fleet management for businesses. It offers GPS tracking, trip and inventory management, analytics, and real-time alerts. It provides video telematics solutions with ADAS, DMS, driver scorecards, and liability risk prevention. It delivers fuel monitoring solutions with fuel usage analytics, reports, and pilferage detection. It also offers EV management systems, E-Lock solutions, and a virtual fleet manager to identify bottlenecks. It helps businesses track, monitor, and manage vehicles, assets, fuel, expenses, and more.

  • Headquarters Wilmington, United States
  • Founders Vidit Jain, Shridhar Gupta
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
  • Website category Business and Consumer Services · Shipping and Logistics
  • Email
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  • Phone
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  • Website loconav.com
  • Social LinkedIn X Facebook Instagram YouTube
Key Metrics
  • Total Equity Funding
    $46.52M (USD)

    in 7 rounds

  • Latest Funding Round
    $37M (USD), Series B

    Jun 2021

  • Investors

Products & Services of LocoNav

LocoNav offers a comprehensive portfolio of products and services, including Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and E-Lock Solution.

Fleet Management Solution
Fleet Management

Software for GPS tracking, trip management, and real-time analytics

Video Telematics Solution
Safety Monitoring

AI-driven tools for driver behavior and risk prevention

Fuel Monitoring Solution
Efficiency Tools

Analytics for fuel usage and pilferage detection in vehicles

EV Management System
Electric Vehicle Tech

Monitoring for battery health and state-of-charge in EVs

E-Lock Solution
Security Systems

Remote locking with GPS tracking and geofencing features

EagleAI
AI Analytics

Virtual manager for identifying fleet bottlenecks and improvements

Apps and channels of LocoNav

its YouTube channel LocoNav Official has 2.86K subscribers and 30 videos.

LocoNav Official
YouTube 2.86K subscribers 30 videos Science & Technology
Open channel

Videos from LocoNav

The most watched videos on LocoNav's YouTube channel, LocoNav Official (2.86K subscribers). Click a video to play it here.

LocoNav #TrainingGuides | How to Raise a Support Ticket (for App)
10.9K views
LocoNav #TrainingGuides | How to Install LocoNav Ride
7.5K views
LocoNav #TrainingGuides | How to Raise a Support Ticket (for Web)
5.4K views
LocoNav #TrainingGuides | How to Set Up Ignition Alerts (for App)
1.3K views

More on LocoNav Official.

Funding Insights of LocoNav

LocoNav has successfully raised a total of $46.52M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $37 million completed in June 2021. 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 $46.52M
  • Total Rounds 7
  • Last Round Series B β€” $37M
  • First Round $52,327

    (Oct 2016)

  • Investors Count 28

All 7 funding rounds of LocoNav with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2021$37MSeries B–Quiet Capital, Anthemis Group
Feb 2021$19,290Series B––
–
May 2020Series B––
–
Jan 2019$6MSeries B$32.98MPeak XV Partners, Sequoia Capital
Oct 2017$3.42MSeries A$11.95MPeak XV Partners, Sequoia Capital
May 2017$32,513Seed$β€’β€’β€’β€’β€’Vishal Dixit
Oct 2016$52,327Angel Round$β€’β€’β€’β€’β€’Girish Khera
Valuation history
DateValuationStage
Jan 2019$32.98Mβ€’β€’β€’β€’β€’β€’β€’β€’
Oct 2017$11.95Mβ€’β€’β€’β€’β€’β€’β€’β€’
May 2017$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of LocoNav

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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Verified entity values are shown only after access is granted.

Last known valuation $32.98M (Jan 2019). 28 investors in total: 8 institutional and 20 angel.

Investors in LocoNav

LocoNav has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Peak XV Partners, RIT Capital Partners and Anthemis Group.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Investments are managed by Quiet Capital in New York.
quiet.comNew York, United States
Early and growth-stage startups are funded by Anthemis Group.
2008anthemis.comLondon, United Kingdom
Investments are made in AEC and construction technology globally.
foundamental.com
Early-stage venture capital investing, network building, and founder support services.
villageglobal.vc
Venture capital is directed toward infrastructure software companies.
uncorrelated.comSan Francisco, United States
Venture capital firm investing in startups and providing support programs.
2000peakxv.comBengaluru, India
Sequoia Capital is engaged in venture capital investments.
1972sequoiacap.com
Investments are focused primarily on equities across diverse asset classes.
1961ritcap.comLondon, United Kingdom

Mark Licht

unknown_7ef1cf5c5a1548d88

Aadil Mamujee

unknown_a8326e47fe784aa1b
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Investor details for LocoNav

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Board of directors of LocoNav

The boards of the 3 registered companies of LocoNav currently have 2 directors; the longest-serving is Vidit Jain, appointed in 2019. 3 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vidit Jain
DIN 07552982
Director30 Aug 20197 yrs 2 moBt Techlabs Insurance Brokers Private Limited, Bt Techlabs Private Limited, Loconav India Private Limited
Shridhar Gupta
DIN 07549604
Director30 Aug 20197 yrs 2 moBt Techlabs Insurance Brokers Private Limited, Bt Techlabs Private Limited, Loconav India Private Limited

People of LocoNav

36 people are tracked at LocoNav (11 in leadership, 25 in team).

NameRoleGroup
Co-FounderLeadership
Co-FounderLeadership
Samit Srivastava
CEOLeadership
Ryan Pereira
Regional Head Sales And Operations (west India)Leadership
Pankaj Sharma
Senior Vice PresidentLeadership
Keshav Garg
Associate Vice President - Iot SolutionsLeadership
Ca Sumit Madan
VP Finance -tax And TreasuryLeadership
Ca Ankit Singhal
VP FinanceLeadership
Ameya Betdur
Assistant General Manager - Key IntiativesLeadership
Saurav Shahlot
Vp, ProductLeadership
Shivam Pandey
Assistant Vice PresidentLeadership
Hemindra Kshatriya
Manager-customer Success & Operations(global)Team
Shubham Gupta
SVP, EngineeringTeam
Paritosh Kumar
Sales ManagerTeam
Aprna Komal
Key Account ManagerTeam
Nandita Sharma
International Sales ConsultantTeam
Nihal Jatav
Inside Sales AssociateTeam
Deepak Singh
Senior ExecutiveTeam
Chetan Sharma
Key Account ManagerTeam
Anshu Saini
GM, Operations & StrategyTeam

16 more people are available in the full profile.

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Complete people profiles for LocoNav

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Financials of LocoNav

Figures of Bt Techlabs Insurance Brokers Private Limited, the primary company behind LocoNav, for FY 2022. Net loss was -₹52,531 (-9229% margin). EBITDA was -₹52,531 (-9229% margin).

  • -₹52,531Net loss · -9229% margin
  • -₹52,531EBITDA · -9229% margin
  • ₹75 LakhPaid-up capital
  • 3Employees (provident fund records)

Balance sheet, profit and loss, cash flow and ratios of Bt Techlabs Insurance Brokers Private Limited are on its company page.

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Detailed financial statements for LocoNav

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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Timeline of LocoNav

4 dated milestones of LocoNav across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded LocoNav is founded.
  2. Funding First funding round of $52K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series B, of $37.0M.

Competitors of LocoNav

LocoNav has 3 listed competitors in our database, 2 of them funded. They include Samsara, Wright Express and Radius.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
samsara.com2015San Francisco, United States$915M2,895
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
wexinc.com1983Portland, United States6,123
Employee benefit administration and payment solutions are provided for enterprises.
radius.com1990San Francisco, United States$332.76M
Predictive marketing and sales platform
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Detailed competitors of LocoNav

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

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Verified entity values are shown only after access is granted.

Web traffic of LocoNav

The website of LocoNav (loconav.com) receives about 74.4K visits a month and ranks #402,382 among all websites worldwide, #2,055 in Shipping and Logistics.

  • Monthly visits
    74.4K

    ▼ 13.8% vs previous month

  • Unique visitors
    31.8K

    per month

  • Global rank
    #402,382

    among all websites

  • Category rank
    #2,055

    Business and Consumer Services · Shipping and Logistics

Similar websites

Websites whose visitors overlap most with LocoNav. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
fleetx.io
100%
122.6K#265,566View details
gpstrackit.com
84%
22.1K#888,770View details
vehicletracking.qa
vehicletracking.qa
84%
#13,757,766–
clearpathgps.com
84%
56K#552,239View details
quartix.com
84%
359.1K#147,358View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 39 similar websites and full traffic analytics for LocoNav

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Top companies in Logistics Technology & Platforms

3 companies that operate in the same segment as LocoNav (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Food and grocery deliveries are facilitated through an app-based platform.
2013San Francisco, California, United StatesUSD 2.5 BUSD 10.72 B80,579
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
2015San Francisco, California, United StatesUSD 915 MUSD 1.62 B5,792
Cloud-based logistics software suite is provided for supply chain management.
1994Schaumburg, Illinois, United StatesUSD 35 MUSD 1.42 B3,600
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Related news about Loconav

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Frequently Asked Questions about LocoNav

LocoNav was founded in 2016.

LocoNav is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.

Samit Srivastava is the CEO of LocoNav, as recorded in our data.

LocoNav is a funded company, having raised a total of $46.52M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $52.33K, raised on Oct 2016.

Platform offering fleet management for businesses. It offers GPS tracking, trip and inventory management, analytics, and real-time alerts. It provides video telematics solutions with ADAS, DMS, driver scorecards, and liability risk prevention. It delivers fuel monitoring solutions with fuel usage analytics, reports, and pilferage detection. It also offers EV management systems, E-Lock solutions, and a virtual fleet manager to identify bottlenecks. It helps businesses track, monitor, and manage vehicles, assets, fuel, expenses, and more.

LocoNav's top competitors include Samsara, Wright Express and Radius.

LocoNav offers Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and 2 more products and services.

LocoNav has 28 investors. Key investors include Peak XV Partners, RIT Capital Partners, Anthemis Group, Quiet Capital, and Foundamental.

The valuation of LocoNav is $32.98M as of Jan 2019.

LocoNav is associated with 3 legal entities: Bt Techlabs Insurance Brokers Private Limited, Bt Techlabs Private Limited, Loconav India Private Limited.

The legal entities of LocoNav currently have 2 directors, including Vidit Jain, Shridhar Gupta.

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