Loadshare, an asset-light logistics platform, has raised INR 300 crore in a Series C round led by Tiger Global, with Filter Capital, 57 Stars, and previous investors CDC Group and Matrix Partners India also participating.

Since the company's Series B round in March 2020, a few prominent family offices have also participated in the round, according to the startup. In addition to its original business lines of regional ecommerce and regional part truck load operations for enterprises, LoadShare has expanded its scope of operations to now have a significant presence in quick delivery of food, grocery, and dark store operations.

According to Raghuram Talluri, LoadShare's co-founder and CEO, “now is perhaps the most exciting time to be in supply chain ops in India. 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.”

He added, “we plan to further invest in five key themes -- building a world-class team, build distinctive SME logistics tech, deepen our EV push, improve customer experience and deepen our unique regional logistics and warehousing network to enable faster deliveries.”

The company has grown from tier 2/3 heavy ops in the East to a true pan-India operation spanning metros and upcountry. They deliver 2.5 lakh orders per day on the last mile and 300 tonnes or more per day in regional trucking across 18 states and 500+ towns.

Griffin Schroeder, a partner at Tiger Global, said, “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.”

LoadShare's mission is to use the power of small and medium logistics entrepreneurs to solve its customers' most difficult logistics challenges. It was founded in 2017 by Raghuram Talluri, Pramod Nair, and Rakib Ahmed, all of whom have extensive experience in supply chain and technology.

Filter Capital's Managing Partner, Sumit Sinha, commented, “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.”

The ability to adapt and be flexible with changing customer needs, according to the investors, is a testament to the asset-light and technology-led logistics model they have created.

Srini Nagarajan, CDC Group's Managing Director and Head of Asia, commented, “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.”

From last-mile / first-mile (10 minute quick commerce, 30 minute food deliveries, intra-day ecommerce deliveries) to regional trucking and warehousing, including regional end-to-end logistics, LoadShare has a solution for you.

Matrix India's Managing Director, Rajinder Balaraman, said, “we’ve been fortunate to be part of the LoadShare journey from day zero. The outstanding growth over the last few years and the quick expansion into emerging categories like quick-commerce reinforces the strength of this model. We welcome Tiger Global, Filter Capital, and 57 Stars to this exciting partnership”.