Lobb, a digital goods brokerage platform headquartered in Bengaluru, has secured $2.9 million in a financing round that was spearheaded by a number of distinguished investors, including Rajesh Voddiraju and Sharada Nandakumar, the CEO of Voya India.
The most recent round of funding will allow for the acceleration of technology-driven development and the expansion of the company’s reach, thereby guaranteeing the continued provision of unparalleled value.
3One4 Capital, an early-stage venture capital firm, oversaw a funding round that raised $1.1 million for the startup before this round.
Lobb has rapidly become one of the most rapidly expanding digital freight brokerage platforms, facilitating the connection between carriers and transporters across the country.
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Lobb asserts that it is on course to meet its revenue objective of Rs 500 crores within the next two years.
Lobb’s clientele comprises prominent logistics organizations. It has a network of over 5,000 fleet proprietors and over 30,000 trucks, and it collaborates with over 1,200 logistics companies.
About Lobb
Founded in 2015 by Venu Kondur, Lobb is India’s leading digital freight brokerage platform committed to reliability, efficiency, growth, and consistency for transporters and truckers.
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