LoadShare Raises Rs 300 Cr In Series C Funding Led By Tiger Global
LoadShare, an asset-light logistics platform, has raised Rs 300 crore in a Series C funding round led by Tiger Global. The funding round also saw participation from Filter Capital, 57 Stars, and existing investors CDC Group and Matrix Partners India.
Few prominent family offices also participated in the round since the company’s Series B round in March 2020, the startup stated.
LoadShare | Asset-light Logistics Platform
Founded by Raghuram Talluri, Tanmoy Karmakar (Ex Co-founder), Pramod Nair, and Rakib Ahmed in 2017, LoadShare offers extensive logistics services ranging from order fulfillment solutions, first-mile, line-haul, last-mile deliveries, third party fulfillment, and modular logistics software solutions to partners.
Speaking on the development, Raghuram Talluri, Co-founder and CEO of LoadShare, said,
“From quick commerce to enterprise supply chains, logistics industry is undergoing a massive transformation. We have been able to scale up 5X from our Series B round 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.”
The startup is on a mission to offer best-in-class and prime industry solutions by enabling and empowering the small and medium players with technology, domain expertise, and Pan- India operations.
As per Raghuram, the startup plans to further invest in five key themes- to build a world-class team, build distinctive SME logistics tech, deepen the EV push, improve customer experience and deepen its unique regional logistics and warehousing network to enable faster deliveries.
The logistics startup has geographically scaled up from East, tier 2/3 heavy operations to a true pan-India play across metros and upcountry. LoadShare delivers 2.5 lakh orders per day on the last mile, 300+ tonnes per day in regional trucking across more than 18 Indian states and 500+ towns.
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