LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK.
Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also raised debt funding from Alteria Capital.
LoadShare provides the technology platform, operations know-how, besides providing guidance on business development and branding. It also offers other services, ranging from first-mile, line-haul, and last-mile deliveries to modular logistics software solutions.
The company was founded in 2017 by Raghuram Talluri, Tanmoy Karmakar, and Rakib Ahmed. LoadShare offers an array of technology-based solutions for small and medium enterprises in the logistics space. The company has built a logistics network that covers entire North East & East India, Metros, Karnataka, Kerala, UP, Rajasthan, Gujarat & many more locations.
Other leading startups in the logistics space are Delhivery, Blackbuck, Rivigo, and among others.
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