Logistics platform LoadShare raises $40M in investment led through Tiger Global, others
- ByStartupStory | February 1, 2022
Bengaluru-primarily based logistics and delivery chain startup Loadshare has raised $forty million in a Series C investment spherically led through Tiger Global, a US-primarily based funding firm. Filter Capital, fifty-seven Stars, and former traders CDC Group, and Matrix Partners India, co-led the spherical.
Raghuram Talluri, Pramod Nair, and Rakib Ahmed co-founded the startup in 2017. The founding group has had sturdy enjoy in delivery chain and technology, LoadShare`s task is to remedy its customers` hardest logistics demanding situations, the usage of the energy of small and medium logistics entrepreneurs, the assertion stated.
LoadShare says it gives various answers from last-mile/first-mile (10-minute short commerce, 30-minute meals deliveries, intraday e-commerce deliveries) to local trucking to warehousing, along with local quit-to-quit logistics.
The logistics startup additionally stated it runs on an asset-mild version and in large part specializes in local transportation of products for corporations like Myntra, Flipkart, Amazon, Udaan, Jio, Relaxo, Mi, Zomato, Swiggy, etc.
According to Raghuram Talluri, The organization will raise awareness of hiring talent, constructing exceptional SME logistics technology, accelerating EV adoption, enhancing client enjoyment, and deepening its particular local logistics and warehousing community to allow quicker deliveries of products.
The organization in an assertion stated it has improved its scope of operations to now having a widespread presence in short transport of meals, grocery, darkish keep operations similar to its authentic enterprise strains of local commerce and local component truckload operations for enterprises.
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