Locanix
Ahmedabad, Gujarat, India
2023 Revenue
$1.5M(Est.)
Funding
$300K
Team
12
Founded
2012
Locanix Revenue & Funding (2023)
Provider of a GPS tracking platform to locate vehicles. The company's cloud based GPS tracking interface allows users to track position of vehicles and monitor fuel consumption and temperature.
Last updated
Locanix Revenue
In 2023, Locanix's revenue reached $1.5M. The company previously reported $1.1M in 2023. Since its launch in 2012, Locanix has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Locanix Hit $1.5m revenue in December 2023 | Estimated |
| 2021 | Locanix Hit $1.1m revenue in April 2021 | |
| 2012 | Launched with $0 revenue |
Locanix Valuation, Funding Rounds
Locanix has not publicly disclosed its valuation. The company has raised $300K in total funding to date.
Locanix has raised $300K in total funding across 1 round, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2016 | Funding round | $300K | - | - |
Founder / CEO
Ruchit Surati
CEO
Entrepreneur and hands-on technologist with 10 years of experience. Worked as software professional before co-founding Locanix in 2012. Strengths are team building, operations, strategic sales, product design and development, R&D initiatives and project execution. Excellent hold on the major software development platforms. Played key roles in designing software architecture for customers from diversified industries and geographies across the globe. Bootstrapped Locanix with a co-founder from Silicon Valley and made it self-sustainable and profitable.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Locanix yet.
Locanix Employees & Team Size
Locanix employs approximately 12 people as of 2026, down from 16 in 2021.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 12 employees (December 2023) | |
| 2021 | Reached 16 employees (April 2021) |
Frequently Asked Questions about Locanix
What is Locanix's revenue?
Locanix generates an estimated $1.5M in annual revenue.
Who founded Locanix?
Locanix was founded by Ruchit Surati.
Who is the CEO of Locanix?
The CEO of Locanix is Ruchit Surati.
How much funding does Locanix have?
Locanix raised $300K across 1 round.
How many employees does Locanix have?
Locanix has 12 employees.
Where is Locanix headquarters?
Locanix is headquartered in Ahmedabad, Gujarat, India.
Compare Locanix to the industry
Locanix operates across multiple industries. Browse revenue, funding, and growth data for Locanix in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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