About
The Bengaluru-based company said it plans to further invest in hiring, building logistics technology and adopting more electric vehicles into its fleet. The company claims to run an asset-light business and largely focuses on regional transportation of goods for tech companies like Swiggy, Flipkart and Amazon, and FMCG firms like Hindustan Unilever and Procter & Gamble. The company started operations in the northeast region of the country to deliver goods to the doorstep of customers. StoriesSince the advent of the pandemic, the company diversified operations across the country — from metro cities to small towns. Logistics platform Loadshare said it has raised $40 million (about Rs 300 crore) in a funding round led by Tiger Global. Since the company’s previous funding round in March 2020, LoadShare said it has expanded its scope of operations to now having a significant presence in quick delivery of food and grocery, and dark store operations, in addition to the original business lines of a regional ecommerce and partial truckload operations.
Bengaluru