Loadshare raises Rs 100 crore in Series B round led by Beenext

May 8, 2020: The logistics tech startup Loadshare raised Rs 100 crore ($ 13.3 million) in a Series B round led by the Singaporean venture capital fund Beenext and development finance institution of UK government CDC as the new investor.

Loadshare Networks operates a technology platform for small and medium-sized enterprises in the logistics sector.

Existing investors including Matrix Partners, Stellaris Venture Partners and Alteria Capital were also part of this.

Loadshare plans to increase its network and venture into pharmaceuticals, fast-moving consumer goods and grocery for delivery of essentials.