Thursday, October 6, 2022
HomeInsightFunding Alert Logistics-tech startup LoadShare raises Rs 300 Cr led by Tiger Global

[Funding alert] Logistics-tech startup LoadShare raises Rs 300 Cr led by Tiger Global

Logistics-tech startup LoadShare
Logistics-tech startup LoadShare

Logistics-tech startup LoadShare has raised Rs 300 Cr Series C investment led by Tiger Global Management along with Filter Capital, 57 Stars, and previous investors CDC Group and Matrix Partners India.

Logistics-tech startup LoadShare was founded by Pramod Nair, Raghuram Talluri, Tanmoy Karmakar & Rakib Ahmed in 2017. LoadShare is Building India’s Largest Technology Driven Regional Logistics Network.

“We have been able to scale up 5X from our Series B scale due to strong macro tailwinds and staying close to our customers. We also unlocked other tech driven, non-linear growth opportunities for SME truckers and delivery boys, in addition to the core ops engine,” Raghuram Talluri, Co-Founder and CEO at LoadShare, said.

The company will use the fresh funds for hiring more talents, building SME logistics tech, deepening EV push, and boosting regional logistics and warehousing network to enable faster deliveries.

“LoadShare’s technology enables India’s SME logistics providers to act as one, creating a national transport network with low cost and high flexibility. We’re excited to back Raghu, Pramod, and their experienced team as they densify their network and expand their product offering,” Griffin Schroeder, Partner, Tiger Global, said.

Logistics-tech startup LoadShare

Their mission is to offer reliable, cost-effective and best-in-class logistics services for inter-city and intra-city movements by establishing a deep pan India network powered by our state of the art technology and operational expertise.

“LoadShare’s capable, execution-oriented team, led by Raghu, Pramod and Rakib have developed a unique logistics network that its customers view as mission-critical and core to their businesses, all the while paying close attention to cost efficiencies, sustainability, and scale potential,” Sumit Sinha, managing Partner at Filter Capital, said.

Logistics-tech startup LoadShare aim to create 1M+ new jobs in the logistics ecosystem and significantly enrich the earnings potential of SMEs across the nation by providing them access to business, technology tools and operational best practices.

“We are pleased to see LoadShare’s growth as it continues to extend impact across communities. India’s sustainable social and economic growth will be enhanced by businesses like LoadShare that are stepping into the market gap during challenging times to meet the needs of people and keep the economy moving. CDC’s renewed investment in LoadShare demonstrates our confidence in the business and a joint goal of accelerating productive and inclusive growth in India through job creation, upskilling of workers, and increased opportunities for local entrepreneurs,” commented Srini Nagarajan, Managing Director and Head of Asia, CDC Group.

Currently LoadShare logistics network covering the entire North East and East India, metros, Karnataka, Kerala, UP, Rajasthan, Gujrat, and many more locations.



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