Boosting the IoT Industry in India! Funding the IoT Logistic Startup in India Recently, Software-as-a-service (SaaS) based logistics tech startup Locanix raises funding of $300,000 (INR 2 crore) from a group of investors including senior executives from Cisco and Goldman Sachs. Founded in the year 2013 by Ruchit Surti, Locanix