Loadshare Networks, India’s fastest growing express logistics network, has raised a Series A investment from Stellaris Venture Partners and existing investor Matrix Partners. The company will use the capital to strengthen its core leadership team, expand geographies, and further invest in its logistics technology platform.
Loadshare connects small and medium enterprises (SME) in logistics with technology, operations know-how to create an asset light logistics network. It offers services ranging from first mile, line-haul, last mile deliveries and modular logistics software solutions to partners.
“Our mission is to help SME logistics partners grow, while delivering great service levels, lowest cost and reach to our customers. It’s heartening to see many of our partners grow 10X and more in a short span of time, even in the logistically underserved parts of India. We intend to expand into B2B segment in addition to scaling up B2C” said Raghuram Talluri, CEO, Loadshare.
“Loadshare is a unique opportunity to create an assetless business in a massive, highly fragmented, inefficient and a capital-intensive industry. We believe the company is well positioned to integrate logistics service providers (which have excess capacity but don’t have access to larger shippers) to build a high quality and low-cost delivery network, flexibly orchestrated through software. We are very excited to partner with Raghu and his team. Their diverse experience and deep understanding of the logistics industry has consistently been reflected in their strong execution.” said Alok Goyal, Partner, Stellaris Venture Partners.
As a part of the transaction Goyal will join the company’s board.
“We’ve been privileged to partner with Raghu and his co-founders at a seed stage. Their approach helping logistics entrepreneurs to grow their business is differentiated and scalable. We believe in their vision for a technology enabled asset-light logistics network and welcome Stellaris to the Loadshare partnership” said Rajinder Balaraman, Vice President, Matrix India.