LoadShare raises Rs 100 crore from Beenext, others

BENGALURU: Tech-enabled logistics platform LoadShare has raised Rs 100 crore, led by Beenext with participation from CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital.

The company plans to use the funds to deepen its ‘essentials’ supply chain network in the pharmaceuticals, fast moving consumer goods and grocery space.

“This investment... is timely as it helps us deepen our engagement with clients and continue building capabilities through investments in technology, attracting the best talent, geographic expansion and undertaking new initiatives,” said Raghu Talluri, CEO of LoadShare.


The firm plans to expand its hyperlocal delivery network and enable movement of essentials. It closed fiscal year 2020 with Rs 105 crore in revenue and 80,000 per day last-mile deliveries, with 300 tonnes part-truck load.