Logistics startup LoadShare has raised Rs 100 crore in a funding round led by Beenext.

The funding round also saw participation from CDC Group and LoadShare’s existing investors- Stellaris Venture Partners, Matrix Partners, and Alteria Capital.

The company plans to use the funds to increase its client list and for geographic expansion.

The company also plans to invest in technology and enhancing its ‘essentials’ supply chain networks in the fast-moving consumer goods (FMCG), pharmaceuticals, and grocery space.

Founded by Raghuram Talluri, Pramod Nair, Tanmoy Karmakar and Rakib Ahmed in 2017, this tech-based logistics startup offers a wide range of solutions including hyperlocal, intracity B2C deliveries, regional intercity solutions to the B2B distribution logistics ecosystem and modular logistics software solution to partners.