Private Equity PE Fund Investments
Logistics platform Loadshare raises $40-M from Tiger Global, Filter Capital, others
Bengaluru-based logistics platform Loadshare has raised USD 40 million (about INR 300 crore) in a funding round led by Tiger Global. Filter Capital, 57 Stars, existing investors CDC Group and Matrix Partners India, and a few family offices also participated in the round.
Loadshare will use the funding proceeds for hiring and building technology. The company's asset-light business is focused on regional transportation of goods for e-commerce companies like Swiggy, Flipkart and Amazon as well as FMCG firms like Hindustan Unilever and Procter & Gamble.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between May-17 and Mar-21, LoadShare raised over $20-M from Alteria Capital, Beenext, Stellaris Venture Partners, CDC Group, and Matrix Partners India. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)